Sony stock boosted from Apple buyout rumors

While most of the people who would know have dismissed the rumors that Apple would buy Sony, at least something came of it. Reuters says that Sony shares rose 3 percent on Thursday following the rumors, but later came back down a bit after some realized that speculation was being blown out of the water. Still, stock closed up a bit. 

It’s true that Apple does have a sh*tton of money in the bank, and they have talked about spending a bit of it on something nice, but the rumors probably stemmed from an article in Barron’s, where its author, Eric Savitz, was merely speculating. 

The author later responded in a blog post:

“In the piece I noted that the company could do something aggressive, like bidding for Adobe, Sony or even Disney. But that was pure speculation. Yeesh.”

Now most of the analysts are saying the opposite, pointing out that Sony wouldn’t be a good fit for Apple.

While most of the people who would know have dismissed the rumors that Apple would buy Sony, at least something came of it. Reuters says that Sony shares rose 3 percent on Thursday following the rumors, but later came back down a bit after some realized that speculation was being blown out of the water. Still, stock closed up a bit. 

It’s true that Apple does have a sh*tton of money in the bank, and they have talked about spending a bit of it on something nice, but the rumors probably stemmed from an article in Barron’s, where its author, Eric Savitz, was merely speculating. 

The author later responded in a blog post:

“In the piece I noted that the company could do something aggressive, like bidding for Adobe, Sony or even Disney. But that was pure speculation. Yeesh.”

Now most of the analysts are saying the opposite, pointing out that Sony wouldn’t be a good fit for Apple.

Dale North