What's up everyone. We are doing a contest with T.I. and we are giving away $1200 a day for the next 10 days. Just wanted to give you all a heads up.
uh oh ya'll..Apple Hunting to Buy a Game Company...Sony?
The US stock market is alive with rumours that Apple is about to launch an unprecedented acquisition - with Sony and EA just two of gaming's mentioned targets.
Apple has $51 billion cash to spend - and, last week, Steve Jobs hinted at where that might go.
"We strongly believe that one or more very strategic opportunities may come along, that we can take, that we're in a unique position to take advantage of because of our strong cash position," he told investors.
"So I think that we would like to continue to keep our powder dry because we do feel that there are one or more strategic opportunities in the future."
Could those "strategic opportunities" include the purchase of a video games company?
Some on Wall Street obviously think so.
Kaufman Brothers have tipped EA, Netflix and even Facebook as targets.
But it today emerged that financial wires have also nodded to Adobe, Disney and - wait for it - Sony.
Leading financial magazine Barron's is reportedly suggesting that Apple faces "speculation that it could acquire Adobe Systems, Sony, or even Walt Disney".
Just imagine. It sounds crazy.
But $51 billion and no debt is an enviable position - particularly when you consider that, for its last fiscal year to March 31, 2010, Sony announced a net loss of 40.8 billion yen ($440 million dollars).
The Japanese hardware giant is estimated to have a Market Cap value in the region of $40 billion - comfortably in Apple's price range.
Something massive could be a'brewing. Stay tuned.
"Personally I don't think it will happen, but anything is possible. The Adobe rumor has been floating around for a long time. A lot of people have been waiting for Apple to make a big push into gaming. This is the first time I've heard Sony mentioned but Electronic Arts has been a potential target for quite a while.
I really don't see Apple making a move for Sony simply because I see them going for pure content. I don't think Apple would want Sony's hardware operations. A Disney hook up has been a rumor since the Pixar deal and Jobs taking a seat on the board. Having Disney content exclusive to the Apple product lineup would be huge.
But at this point Apple could pretty much buy any company and Wall Street would eat it up. They wouldn't even have to put up any cash for the deal. They could hold on to their cash and simply have a secondary offering to pay for the acquisition and the shares would be sucked up in no time on the street.
Right now Apple is literally bulletproof on Wall Street." - A buddy of mines. Lol what would Sony and apple make? Snapple?
what u guys think?
Hey! You will be signed out in 60 seconds due to inactivity. Click here to continue using the site.