Reminder: Sony authorized to spend $18 billion on investments

Sony has been authorized by its board of directors to spend only $18 billion on acquisitions and share buybacks in next 3 years.

Published Thu, Jan 20 2022 3:13 PM CST   |   Updated Thu, Feb 17 2022 1:03 AM CST

Microsoft's rich coffers are paying for its $68.7 billion Activision-Blizzard buyout, but Sony only has a fraction of that to spend on acquisitions.

Reminder: Sony authorized to spend  billion on investments 1 |

Following Microsoft's huge Activision-Blizzard buyout, now is a good time to remind everyone about Sony's current trajectory. Sony's board of directors and shareholders have authorized the expenditure of only 2 trillion yen, or $18 billion USD, for strategic investments across a three year period. This is part of Sony's Fourth Mid-Range plan that lasts until FY23.

Reminder: Sony authorized to spend $18 billion on investments 35 |

The spending plan includes buyouts and acquisitions of video game, entertainment, and software companies, as well as share buyback repurchases and capital investments in companies like Epic Games.

To date, Sony has already spent an estimated $6 billion on share repurchases, leaving approximately $12 billion left for buyouts, as per SEC filings. This is a stark contrast to Microsoft's net cash offer for Activision-Blizzard that equates to nearly $69 billion.

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Sony is still aggressively spending on its games business and plans to spend an extra $184 million on development throughout the period.

Sony's current net cash position is $44 billion as of FY2021.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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