Rumor: Apple Vying to Acquire Sony
Sony shares took an upswing as rumors began to swirl that Apple was vying to acquire the company. Reuters reported, from a Barron’s report, that Apple was interested in Adobe, Disney or Sony as their potential targets.
Would acquiring Sony be a good move for Apple? Your thoughts.
According to Reuters, Apple currently has $50 billion in cash reserves while Sony has a market cap of $34 billion. So, financially speaking, Sony is a strong possibility for Apple.
Do you think Apple will acquire Sony? Let us know.