Sony Cash on Hand 2006-2021 | SONY | MacroTrends

16$B...end of Sept 2021. Sony does not have between 20 and 45b :) That being said, they have very little debts, so they can still borrow if they wanted to make a big acquisition.

Around $26B was spun off in 2020 as 'marketable securities' in the hands of Sony Financial Holdings. It's still there, as liquid as it was before, just under a different name.

Add that to the net profit since late 2021 minus long-term investments and you get more or less to the values I mentioned.

Marketable securities aka not freely available

No, it is NOT there lol :)

I mean, it was there a year ago, it is gone now. I just posted you some source that shows it. Cash = anything in hand... Does not matter how you want to call it.

You cannot just say stuff... Please post any source that says otherwise (as off now... not a in 2020... which is exactly what the link I sent you is showing... There were effectively at 46b+), but that's past.

Why did it drop like that in the last two quarters?

They spent it :) It is really normal, nothing alarming.

That's a big spending. Just wondering on what. Could have bought Take-Two twice with that money.

OK, that's nice its not declining. But I'm talking about Cash as is. As of 9/30/20. So that's not relevant.

>Are you aware Sony planned to spend $18 billion over the past year + the next 2 years? Primarily focusing on IP.

I am, but does that mean they are going to buy Square. Probably not. I'm looking at their financial position, and they aren't as big or as liquid as a lot of people want to claim. Most likely, they are going to invest in smaller/mid-sized studios and internal growth. That 18 billion was over 3 years (or 6 billion a year) and across multiple divisions. Again, I think Sony buying Square Enix is fans coping after Microsoft dealt a major blow to the brand. 

The Communist in me is absolutely disgusted, the gamer in me that currently has an Xbox Series S is mildly excited. Ahh the duality and stupidity of being human.

The more I think about this acquisition, the more I don't like it. Consolidation at this scale grosses me out. I like when everyone is healthy, strong and competitive, but more importantly balanced. Now one party is way too powerful.

You could have argued that the Bethesda acquisition was self-defense/offense. MS probably was peeved at Sony grabbing up Deathloop, Ghostwire: Tokyo and caught Sony eyeing Starfield and decided that was enough. Sony had it coming sniffing around Bethesda that much.

This Activision-Blizzard acquisition doesn't feel like that, it feels like overkill. CoD is literally the biggest game on PlayStation every year. Losing Bethesda hurts Sony's revenue, but Bethesda releases a big game at most every 3+ years. It donesn't hurt like Activision. Losing arguably the biggest third-party publisher every year is a big, big deal that will have long-lasting consequences for years to come. Remember that the Dreamcast had died in part because it lost support of one of the biggest third-party publishers, EA, back in the day.

Now, obviously I don't think Sony will go the way of Sega, but the loss of this publisher to Sony will be massive.

And inevitably Sony will probably respond with even more third-party/timed exclusives or DLC. (Granted, they were doing that even before Bethesda). Hell, they could definitively acquire Square Enix despite what some say. Oh well.