Sony can't buy any of those, they are too expensive. EA is completely out of the question, Take Two is worth around 30bn and Sony has a max of 10bn to spend. Square goes over that limit and Capcom is around 6bn, too much to spend for Street Fighter.
Kadokawa would be a possibility, around 3bn, put the game studios under Playstation, the anime/manga magazines business goes to Sony Pictures/Music (with Crunchyroll) and the real estate business maybe with Sony Insurance.
But paying 3bn just for From Software, no.
-Sony can:
- Continue building relationships with small independent studios that might lead to acquisitions.
-Grow their bigger studios to multiple teams
- Expand the studio incubation project to all their bigger studios instead of just SSM.
-Hire Sumo digital to make multiple games instead of a single game every now and then since they have many studios.
-Light a fire under Media Molecule's ass so they start producing.... something...
- Make a partnership with EA to improve Battlefield, bring it to PSVR2 and get exclusive content and marketing rights (bundles, etc)
- Be more aggressive with marketing deals, exclusive content and timed exclusivity.
- Expand XDev and offer more support to 3rd parties
Not sure where you got the idea that Sony has a max of 10bn. They have 10bn remaining from money earmarked for M&A, which is a big difference from saying they have a cap. The reality is they would probably seek additional funding and/or leverage equity to make a larger deal.
Playstation is tremedously important to Sony, so you better believe they'd open up the coffers to protect their market share long-term. So I wouldn't take Take2 off the table by any means, especially if this ABK deal were to go ahead. It's also worth nothing that T2 is worth 18 billion, so 30 is pretty rich even with a strong premium.
You said it yourself, you don't buy Kadokawa just for FromSoftware. Either you buy FromSoftware from Kadokawa for less OR you buy the whole company with a larger strategic goal of incorporating them into their business.
I think you're confusing Sony's strategy and investments. It's not an either or situation here. Sony is known for smaller investments because they're less risky and easier to manage, that doesn't preclude a larger move like with Bungie.
The reality is Sony is going to do an all of the above strategy here. I don't see them buying Sumo Digital.
Media Molecule doesn't need a fire lit under them. They just produced Dreams which has a metacritic score of an 89. Their focus should be on Dreams PS5, Dreams PSVR2, and Dreams PC and monetization as a live service.
I would not partner with EA on Battlefield, that's a waste of money/time/resources. They have what they need from Deviation Games and Firewalk. They can make their own FPS and provide resources as needed.
Sony will almost certainly get LESS aggressive with marketing agreements for the remainder of the generation. These deals have a high operating cost, and Sony already has sufficient momentum.