Bryank75
Banned
I believe banks need a certain % of cash on hand to operate due to laws in most countries.... it is a % of the deposits on hand to guarantee that the bank remains liquid.Cool, thanks.
Yeah, in the end Sony has more than enough means to acquire a company like Square Enix if they wanted to. Such a deal almost certainly wouldn't be cash anyways.
As for why Sony would want Square, as of late Sony's been very interested in properties that they can both make games and also TV shows/movies with. Not to mention their anime push. A company like Square or even Capcom would provide them with a treasure trove of IP they could mine for all of those purposes, so it wouldn't have to just be about the games. I've been saying Sony should make a move for Capccom for the longest time.
As for this rumor, there's nothing solid to back it up but there's still no harm in discussing the possibility.
It doesn't mean that Short term investments cannot be changed to cash and used for an acquisition.
They have 44.6 Billion cash on hand.... whether you go to Yahoo charts, MacroTrends or any other financial site.
Also.. Sony has a tiny amount of debt (around 6 billion). They could literally buy Square and Capcom at the same time and it wouldn't really impact them in any way.
For example, they only need 51% to control each..... so call that an initial investment of 4.5 billion in Square and 4 Billion for Capcom....a total of 8.5 billion.
They could offer 4 billion in cash, 2 billion in debt and the rest in stock. (Various combinations could be used)
Then each subsequent year, they can offer a stock buyback when the stock value goes down..... and get all the outstanding stock at a decent price.