Shit you not; this is according to Wall Street rumblings and a report over on CVG. Apple is sitting pretty with mountains of cash ($51 billion) and zero debt, so according to Jobs, they’re looking at some â€œstrategic opportunitiesâ€.
Those opportunities translate to acquisitions, and Sony and EA are not the only companies Apple has its beady eye on if Wall Street gurus are to be believed.
Amongst the other companies tipped as possible targets for Jobs and co are Facebook, Adobe, Netflix and even Disney. This all comes on the back of statements made by Jobs last week: â€œWe 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 positionâ€.
A buyout of Sony is likely considering the company posted a loss of $440 million during the fiscal year 2009. The Japanese company has a market value of $40 billion, which you can see is completely in Apples’s spending range at the moment.
There’s ordinarily no smoke without a fire, but the Wall Street whispers are something to take notice of. What’s also interesting is that shortly after this speculation cropped up, Sony’s share prices rose by 3% as a direct result. Something is bound to come out of all of this, and naturally we’ll update you as soon as more information drops.
Last Updated: October 26, 2010