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sacks2k
Because they are waiting for and most likely predicting a bloodbath in terms of crashing stocks..and then they will buy what's left at a fraction of what it's worth.
sunnykgupta
They finally bought Dominion Energy Inc's assets for a whooping 9.7 Billion announced over the weekend.
stepstop
This article only has a few sentences, and it doesn't answer the question. The headline is the information
sunnykgupta
Agreed, though the fact conveyed by the title itself was a surprise to me.

Why would a company keep such a large amount of cash in hand? Especially when we saw a big enough dip in many scrips. Tech has more than recovered.

I am an author for the technology blog on this website.

mtmail
HN profile points to a blog, which points to a linkedin page for Sunny R Gupta. Twitter user Sunny R Gupta is the only follower of the website's account. Also an author on the website https://eachlist.com/members/sunny_r_gupta/ Meanwhile the author of the article Stella Dankworth uses a profile image that I can find as stock photo on hundreds of websites. What I'm trying to say is the title is likely not a surprise to the user.