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Sony has $5.1 billion left to spend on acquisitions until 2024

ajil kj by ajil kj
March 7, 2023
Reading Time: 2 mins read
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PlayStation

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According to reports, Sony still has about $ 5 billion to spend on acquisitions for the current year.

In the current year, Sony still has about $ 5 billion to spend on acquisitions . So in 2024 we can expect more announcements regarding new PlayStation studios. However, it is fair to point out that the acquisitions are not all necessarily linked to the world of video games.

The figure emerged from a Morgan Stanley conference last month in which Hiroki Totoki , Sony’s CFO, returned to talk about the company’s 2 trillion yen earmarked for acquisitions about three years ago and spread over three years.

Totoki revealed that by the end of 2022, 1.3 trillion had been spent. That leaves 0.7 trillion yen (about $5.1 billion) left for additional acquisitions to spend in the current year.

As explained, the remaining money will not only be used for the acquisitions of PlayStation , but for the entire Sony group. Basically this news denies another rumor, which we have not reported because it is actually not very reliable, which would like Sony about to acquire Take-Two to respond to the acquisition of Activision Blizzard by Microsoft.

Among the latest Sony acquisitions there could be the Ballistic Moon studio, however it is still a very small reality and without published projects, despite having been founded by veterans from Supermassive Games.

source

Tags: criminalmodz fortnitegta 5 1 billion dollarsgta spending spreesony acquisitionssony mergers and acquisitionssony revenue 2020
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