Could Apple Take Over Sony?
It’s far, far away from ever coming to fruition. But speculation that Apple could have interest in buying Sony was enough to move Sony’s stock up Tuesday.
According to Reuters, traders were responding to a comment by Steve Jobs on last week’s Apple earnings call that there are “strategic opportunities in the future” for what Apple could do with the $51 billion in cash it has on hand. Jobs did not mention Sony by name, but that company, along with Disney and Adobe, were cited as potential takeover targets in a Barron’s analysis over the weekend.