PotentHerbs said:
mjk45 said:
There are a few things money is at historically low levels,Sony's CFO stated in a financial statement after the Zenimax takeover that they had the means to make large scale acquisitions beyond the cash they had already set aside toward any future purchases, 11 billion US in cash and another 16 billion in liquid assets giving them 27 billion liquidity without needing to touch their lines of credit, he also mentioned that their liquidity was growing at record levels (I read somewhere iirc around 400%) and he also stated the reason he made the statement was to clear the air regarding speculation that Sony didn't have the means to make these size acquisitions and if they did it would come with excessive debt levels or impact their cash flow, he again further emphasised that it was just to clear the misconception and this didn't mean they were making any such acquisitions and if they did they would do so by using up all that liquidity in one hit it was just made to clear the air.
Another aside when it comes to their capacity to obtain credit and it may not have anything to do with this is I recall sony making news for buying out and reincorporated their banking service.
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Can you link that by any chance?
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I'll try to find it, it was in one of Sony's quarterly or yearly statements but I can't remember the exact one, I do recall the figures used rather than being part of the financial figures in the usual manner you see for for those quarterly yearly statements, they were used by the CFO in a more demonstrative manner since he was making a comment , that's what made me remember it since iirc he started by mentioning this was a comment and not part of the figures, I'm also pretty sure it was here on VGChartz where I read the statement if that helps I'm sorry that I don't have it at hand atm.
Last edited by mjk45 - on 19 January 2022
