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Forums - Sony - What happend to the "Sony is going to buy Rockstar" rumor?

ElGranCabeza on 07 April 2010
Rpruett said:
Sony has a lot more money than Nintendo and it's not even close. Nintendo might have more active cash at a given moment but that really means virtually nothing on an overall sense.

Every asset that Sony has could be liquidated for a ridiculous amount of money and trump anything Nintendo could ever want. Game Studios, Movie studios, Music Studios, Technology, Buildings, Product lines, etc, etc ,etc.

In that sense yes, but I think the other folks were talking about money in the bank, which I always thought Nintendo had more money in the bank than Sony. Is that information divulged in the FY financials? If so, can someone tell me how much Sony and Nintendo have each?



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Solid_Snake4RD on 07 April 2010
ElGranCabeza said:
Rpruett said:
Sony has a lot more money than Nintendo and it's not even close. Nintendo might have more active cash at a given moment but that really means virtually nothing on an overall sense.

Every asset that Sony has could be liquidated for a ridiculous amount of money and trump anything Nintendo could ever want. Game Studios, Movie studios, Music Studios, Technology, Buildings, Product lines, etc, etc ,etc.

In that sense yes, but I think the other folks were talking about money in the bank, which I always thought Nintendo had more money in the bank than Sony. Is that information divulged in the FY financials? If so, can someone tell me how much Sony and Nintendo have each?

Nobody knows the exact cash and other tangible assets.Companies only give out overall figures of all assets whether it is liquid cash of or other assets.

 

Also many people are arguing on the basis that just because Sony lost so much with PS3 its bankrupt.it made alot more with PS and also other electronics



jesus kung fu magic on 07 April 2010
Solid_Snake4RD said:
jesus kung fu magic said:
Solid_Snake4RD said:
jarrod said:
Solid_Snake4RD said:
Globox said:
Maybe it was pure rumour = BS or maybe there was something to it, maybe there were discusions behind closed doors but it was probably too expensive for Sony. Sony doesn't need rest of 2K they probably wanted Rockstar north (GTA makers). Let's not forget EA was offering 2.1 billion usd to take over 2K, they refused. I don't see Sony spending 2 billion of 2K, not somethingSony does, especialy now when they have been losing money on PS3 for such a long time.
MS could do it, so could Nintendo since they roll in money.
Probably just a rumour.

Sony has alot of money.alot more than Nintendo.

Actually, they don't.  Sony Corp overall has more total assets (and they could definitely leverage enough to buy T2) but Nintendo actually has more in liquid assets and cash reserves (ie: money).  When you consider that Sony is many, many times larger than Nintendo (180,000 employees to 4,000 employees) that's pretty staggering actually.

u really think they would tell us how much cash reserves they have.they keep that a secret.a company that invented portable music,tv,radio,and every succesfull disc format wouldn't have good cash reserves.they didn't survive PS3's big loses for nothing.

I know Nintendo has alot of liquid assets but not more that around $10-20b maximum.Sony would definately dwarf them.

So wait let me get this straight. Sony allegedly LIE in their Financial/Fiscal reports about their cash reserves to their own shareholders....and in doing so are breaking the law?

 

Do you want me to report it to the authorities or are you going to do it?

i didn't mean to say Sony lie about it.they just have alot of assets but most people arguing don't remember what they made in the past and just keep arguing on the basis what their current years sinancial situation is.

 

Sony like Ninto has made alot of profit in the past

Let me get one thing clear.....I do not care whether or not Sony has more money than Nintendo but I do find these sort of threads interesting because I dont really know alot about the whole finance side of these companies.

One thing I learned however is that no company can keep "secrets" from their shareholders and every fiscal report should have their cash reserves for the time.



N64 is the ONLY console of the fifth generation!!!

ElGranCabeza on 07 April 2010
Solid_Snake4RD said:
ElGranCabeza said:
Rpruett said:
Sony has a lot more money than Nintendo and it's not even close. Nintendo might have more active cash at a given moment but that really means virtually nothing on an overall sense.

Every asset that Sony has could be liquidated for a ridiculous amount of money and trump anything Nintendo could ever want. Game Studios, Movie studios, Music Studios, Technology, Buildings, Product lines, etc, etc ,etc.

In that sense yes, but I think the other folks were talking about money in the bank, which I always thought Nintendo had more money in the bank than Sony. Is that information divulged in the FY financials? If so, can someone tell me how much Sony and Nintendo have each?

Nobody knows the exact cash and other tangible assets.Companies only give out overall figures of all assets whether it is liquid cash of or other assets.

 

Also many people are arguing on the basis that just because Sony lost so much with PS3 its bankrupt.it made alot more with PS and also other electronics

To be fair, AFAIK, they lost pretty much all their Playstation money with the PS3. Plus Sony is a huge company, with more assets than Samsung or Apple even, but on their best years their net profits were U$4 billion whereas Samsung and Apple do U$10 billion, Nintendo gets close to that net profit and they only have a gaming division.

My point is, AFAIK, Sony has always been great in generating revenue, but having way too much expenses and stuff, means they don't have as much revenue. This is all my limited opinion on the matter of course.



ElGranCabeza on 07 April 2010
jesus kung fu magic said:
Solid_Snake4RD said:
jesus kung fu magic said:
Solid_Snake4RD said:
jarrod said:
Solid_Snake4RD said:
Globox said:
Maybe it was pure rumour = BS or maybe there was something to it, maybe there were discusions behind closed doors but it was probably too expensive for Sony. Sony doesn't need rest of 2K they probably wanted Rockstar north (GTA makers). Let's not forget EA was offering 2.1 billion usd to take over 2K, they refused. I don't see Sony spending 2 billion of 2K, not somethingSony does, especialy now when they have been losing money on PS3 for such a long time.
MS could do it, so could Nintendo since they roll in money.
Probably just a rumour.

Sony has alot of money.alot more than Nintendo.

Actually, they don't.  Sony Corp overall has more total assets (and they could definitely leverage enough to buy T2) but Nintendo actually has more in liquid assets and cash reserves (ie: money).  When you consider that Sony is many, many times larger than Nintendo (180,000 employees to 4,000 employees) that's pretty staggering actually.

u really think they would tell us how much cash reserves they have.they keep that a secret.a company that invented portable music,tv,radio,and every succesfull disc format wouldn't have good cash reserves.they didn't survive PS3's big loses for nothing.

I know Nintendo has alot of liquid assets but not more that around $10-20b maximum.Sony would definately dwarf them.

So wait let me get this straight. Sony allegedly LIE in their Financial/Fiscal reports about their cash reserves to their own shareholders....and in doing so are breaking the law?

 

Do you want me to report it to the authorities or are you going to do it?

i didn't mean to say Sony lie about it.they just have alot of assets but most people arguing don't remember what they made in the past and just keep arguing on the basis what their current years sinancial situation is.

 

Sony like Ninto has made alot of profit in the past

Let me get one thing clear.....I do not care whether or not Sony has more money than Nintendo but I do find these sort of threads interesting because I dont really know alot about the whole finance side of these companies.

One thing I learned however is that no company can keep "secrets" from their shareholders and every fiscal report should have their cash reserves for the time.

Do you know the cash reserve for the last FY for both Sony and Nintendo? This thread piqued my curiosity



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fighter on 07 April 2010
Solid_Snake4RD said:
Rpruett said:
Sony has a lot more money than Nintendo and it's not even close. Nintendo might have more active cash at a given moment but that really means virtually nothing on an overall sense.

Every asset that Sony has could be liquidated for a ridiculous amount of money and trump anything Nintendo could ever want. Game Studios, Movie studios, Music Studios, Technology, Buildings, Product lines, etc, etc ,etc.

thankyou.atleast somebody understands

 

it's not as much understanding as repeating your mistake

 

 

The financial state of Sony is publicly known (financial results are an obligation).

http://www.sony.net/SonyInfo/IR/financial/fr/index.html

 

Having such a huge debt is crippling Sony by the day. Nintendo has way more financial power than Sony.



Solid_Snake4RD on 07 April 2010
jesus kung fu magic said:
Solid_Snake4RD said:
jesus kung fu magic said:
Solid_Snake4RD said:
jarrod said:
Solid_Snake4RD said:
Globox said:
Maybe it was pure rumour = BS or maybe there was something to it, maybe there were discusions behind closed doors but it was probably too expensive for Sony. Sony doesn't need rest of 2K they probably wanted Rockstar north (GTA makers). Let's not forget EA was offering 2.1 billion usd to take over 2K, they refused. I don't see Sony spending 2 billion of 2K, not somethingSony does, especialy now when they have been losing money on PS3 for such a long time.
MS could do it, so could Nintendo since they roll in money.
Probably just a rumour.

Sony has alot of money.alot more than Nintendo.

Actually, they don't.  Sony Corp overall has more total assets (and they could definitely leverage enough to buy T2) but Nintendo actually has more in liquid assets and cash reserves (ie: money).  When you consider that Sony is many, many times larger than Nintendo (180,000 employees to 4,000 employees) that's pretty staggering actually.

u really think they would tell us how much cash reserves they have.they keep that a secret.a company that invented portable music,tv,radio,and every succesfull disc format wouldn't have good cash reserves.they didn't survive PS3's big loses for nothing.

I know Nintendo has alot of liquid assets but not more that around $10-20b maximum.Sony would definately dwarf them.

So wait let me get this straight. Sony allegedly LIE in their Financial/Fiscal reports about their cash reserves to their own shareholders....and in doing so are breaking the law?

 

Do you want me to report it to the authorities or are you going to do it?

i didn't mean to say Sony lie about it.they just have alot of assets but most people arguing don't remember what they made in the past and just keep arguing on the basis what their current years sinancial situation is.

 

Sony like Ninto has made alot of profit in the past

Let me get one thing clear.....I do not care whether or not Sony has more money than Nintendo but I do find these sort of threads interesting because I dont really know alot about the whole finance side of these companies.

One thing I learned however is that no company can keep "secrets" from their shareholders and every fiscal report should have their cash reserves for the time.

many companies also show their tangible assets and cash reserves as only assets in the balance sheet.it depends on the company.



NYANKS on 07 April 2010

I know it's Wikipedia, but it states that sony's total assets as of 2009 are worth 230 billion dollars. Total equity is 50 billion, and net income was -1 billion last year. I find this topic intersting because I know so little regarding this.



ElGranCabeza on 07 April 2010
NYANKS said:
I know it's Wikipedia, but it states that sony's total assets as of 2009 are worth 230 billion dollars. Total equity is 50 billion, and net income was -1 billion last year. I find this topic intersting because I know so little regarding this.

Yeah so what does that all mean? Assets mean they own the stuff right? Net income means profit correct? Equity means what?



Solid_Snake4RD on 07 April 2010
fighter said:
Solid_Snake4RD said:
Rpruett said:
Sony has a lot more money than Nintendo and it's not even close. Nintendo might have more active cash at a given moment but that really means virtually nothing on an overall sense.

Every asset that Sony has could be liquidated for a ridiculous amount of money and trump anything Nintendo could ever want. Game Studios, Movie studios, Music Studios, Technology, Buildings, Product lines, etc, etc ,etc.

thankyou.atleast somebody understands

 

it's not as much understanding as repeating your mistake

 

 

The financial state of Sony is publicly known (financial results are an obligation).

http://www.sony.net/SonyInfo/IR/financial/fr/index.html

 

Having such a huge debt is crippling Sony by the day. Nintendo has way more financial power than Sony.

financial results are an obligation but they do not disclose the exact amount of liquid or tangible assets.

 

and what debt are you talking about Sony,Sony just has loses but no debt.

Debt is what you have to pay back.Losses are suffered on your existing cash invested.

 

Abt "Nintendo has way more financial power than sony".I would have even considered you were debating if you said Nintendo had more liquid assets but you are talking about the whole Fiancial power and in that case Nintendo is noway near sony

 

Nintendo assets overall -$19b

Sony assets overall - $231b