Shareholders are nervous that LVMH will pay too high a price for a large acquisition.
But it would struggle to find the cash for a large acquisition.
Burberry, he said, with a market capitalization of more than $7.9 billion, would make for a large acquisition with a lineup that might take sales away from existing PPR brands like Alexander McQueen and Stella McCartney.
"With regards to a large acquisition, we're probably OK for the time being," said Nick Earl, who oversees most of EA's free-to-play games as a senior vice president there.
When, for example, a large acquisition like Oracle's purchase of Sun Microsystems is announced, the venture capitalists might hit their phones, calling 10 or so brainy people at Sun to offer them a cushy way out of dealing with an acquisition.
Specifically, the agency said, there is the concern that if the insurance unit takes on more investment risk or funds a large acquisition, it could hurt capital adequacy for the insurance business.
Amazon today said it would make a bid to acquire Whole Foods for $13.7 billion, making it the largest acquisition for the company by far.
Cisco's $3.7 billion purchase of AppDynamics was the second largest acquisition for the quarter; its terms were agreed to just days before a planned IPO.
Burberry, he said, with a market capitalization of more than £5 billion, or $7.9 billion, would make for a very large acquisition with a line-up that might cannibalize sales of existing PPR brands like Alexander McQueen and Stella McCartney.
This is one of the larger acquisitions for KIT Digital in the past twelve months.
