Rumor: Wall Street Tips Hint at Possible Apple Acquisition of EA and/or Sony
It's no secret that the halls at Apple are lined with gold and the Executive lounge has a swimming pool loaded with cash. Ok, maybe that isn't true, but those guys have enough money to make it be. With $51 billion in cash, Apple can do a lot of things and rumors have already started to float around about exactly that might be. Computer and Video Games reported earlier this week on a NY Times article that Apple CEO Steve Jobs has hinted at the possible acquisition of a gaming company. Wall Street investment banking and advisory firm the Kaufman Brothers dropped the name of EA as possible target. Sony has also emerged as a possible target through financial wires.
Could Apple make a bid for two of gaming's biggest companies?
With Sony's $440 million loss for its March 2010 fiscal year, that possibility could be real, especially with Apple's strong financial position. So could Apple buy one or two of the two biggest names in gaming? Tell us what you think.
Thanks to Annatar for the catch.