Sony gears up for more acquisitions and PlayStation could benefit

The company has a plan to strengthen its entertainment business

Sony gears up for more acquisitions and PlayStation could benefit

The company has a plan to strengthen its entertainment business

Hiroki Totoki, Sony's president and chief operating officer, has made it clear that the company will continue to invest to grow the entertainment industry. Thus, one of his goals is to enhance and grow PlayStation as much as possible in the coming years.

Recently, the executive revealed part of his plan to achieve this: Sony will re-list the shares of its financial arm on the stock market. In doing so, he is looking for new investment opportunities that, in the future, could contribute to PlayStation's growth with further acquisitions.

Sony wants to grow even more in the entertainment industry

Thanks to a report from The Financial Times, we know that Sony's new strategy for its future growth generated a positive impact on the value of its shares, which increased their value by 6.4%. Years ago, the company invested billions of dollars to take control of its financial unit, but now it turned its strategy around.

Totoki said that the shares of its financial branch will be listed on the stock exchange again, as this will enable it to increase its investment capacity. This with the goal of making acquisitions and guaranteeing its growth in the coming years.

“In order to expand our growth over the medium to longer term, we will need the ability to invest in image sensors and the entertainment business at a completely new level," said the executive.

David Gibson, Sony analyst at MST Financial, noted that this move will help them aggressively fund future mergers and acquisitions. In his view, Sony does not want to be left behind in the race to consolidate the entertainment industry.

Other analysts believe that the change in strategy is a good thing, as it will result in favorable deals for the company in the long run. The report does not mention anything about the effects this could have on PlayStation; however, Sony has stated that it will invest heavily in its video game division.

Over the past few months, major purchases have been made in the market. Of course, the most important move is Microsoft's purchase of Activision Blizzard, but Sony has also made acquisitions such as Bungie.

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