It seems that Sony is still placing the idea of acquisitions and mergers with new companies and studios at the top of its priorities.
The company is looking to free up more funds to aggressively expand its entertainment business, which includes mergers and acquisitions of new PlayStation studios. According to a report from the magazine Financial TimesSony Group Chief Financial Officer said Hiroki Totoki In a press conference last week, the company said it was considering extending its financial services arm to boost investments in its entertainment business.
Totoki’s comments come as no surprise, as we’ve seen the company spend a number of years buying more studios and entertainment companies such as EMI Music Publishing, which it acquired for $2.3 billion, and premium streaming platform Crunchyroll for $1.2 billion. On the PlayStation front, Sony spent $3.6 billion to buy Bungie.
Earlier, Totoki said that there are a lot of big mergers and acquisitions that have taken place in the entertainment sector and that Sony does not want to be left behind. Many analysts believe that if Microsoft succeeds in acquiring Activision Blizzard, this will prompt Sony to make more important acquisitions in the gaming industry in the future.
With Sony’s willingness to acquire more studios and possibly companies and include them in the PlayStation group, what studio or company do you expect Sony’s next target to be?