PlayStation completes Bungie's acquisition

[Yurinka]

What??? How did their cash on hand drop that much? Last I checked Sony's cash on hand was 50billion. Theres no way that's accurate, because Sony has 30billion cash in a trust which they just took 15billion out from to up their aquistions budget to 30billion. This has to be a error or something to do with a change in accounting

Also, and this gets over looked, Sony has way more assets than microsoft and assets worth way more than any assets microsoft has. Sony can liquidate their assets, stocks etc. Sony can come up with 100billion+ if they wanted to

xbox console warriors are still stuck in 2005 and they have no idea how the real world actually works lol. Just look at T2. Their estimated worth is 18billion and they acquired a company for 12billiin. If Sony wanted to they could've easily been the 1s buying Activision for 70billion. Disney bought Fox when Fox was worth way more than any cash Disney had. All though Disney took out loans and they are still in a ton of bad debt from that purchase lol

When announcing the results of the FY some months ago they said that increaded their budget for Sony shares repurchases, acquisitions and investments to $30B, and they had around $7B before. So maybe they moved these $30B to somewhere that doesn't count as cash in hand.

In the graph shared by @Bryank75 we also see that they were at $44B and at the end of the previous FY -the one that ended in March 2021-had a big drop. This FY Sony made a ton of acquisitions and investments: Discord, Bungie, Haven, Bluepoint, Housemarque Firesprite, Nixxes, Devolver, Epic, Fabrik, Valkyrie... and this was only on Jimbo's side. They also bougth or invested in a lot of cinema, tv and music stuff. I may be wrong but I'd say they also did put the Crunchyroll acquisition that year. So pretty likely the reason are the acquisitions.