Sony Group Has Another $5.1 Billion to Spend on Investments and Acquisitions Before Next Year
Sony doesn’t have the sort of financial muscle that Microsoft does, which means we’re highly unlikely to see the company making acquisitions on the same level as Microsoft’s proposed $69 billion deal for Activision Blizzard, but the company has adopted a different strategy for acquisitions in recent years that has kept it quite busy nonetheless. And it seems it’s got plenty of money left in the tank to make more similar investments over the course of the coming year.
As spotted by a ResetEra user, at the recent Morgan Stanley Technology, Media & Telecom Conference, Sony Group revealed that out of the ¥2 trillion it had set aside to spend on investments in acquisitions from 2021 to the end of 2023, it has roughly ¥700 billion – which is about $5.1 billion – left to spend for the remainder of 2023.
The company has previously indicated that it has its eyes on further acquisition, so one would assume that more of those will be planned for the coming months. Of course, it’s worth pointing out that this applies to the entire Sony corporation, not just PlayStation, especially where non-acquisition related investments are concerned.
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