facebook rss twitter

Sony take out 80 billion yen loan

by Steven Williamson on 4 July 2006, 12:41

Quick Link: HEXUS.net/qaf6k

Add to My Vault: x

Sony's loan



According to Games Industry.biz, Sony have taken out a loan totalling 80 billion yen (approx £377 million) from a number of Japanese lenders for 'general purposes'.

Bloomberg.com, via Games Industry.biz, have apparently stated that the money will be invested in semi-conductor manufacturing and liquid crystal displays, although some of the dosh will no doubt be used in the manufacturing of the PS3.

We've had a search around Bloomberg's site and we can't find the report, so unfortunately we can't source the original story.

Read Games Industry.biz version of events.


HEXUS Forums :: 4 Comments

Login with Forum Account

Don't have an account? Register today!
hexus.net
Sorry, but the URL you followed to get to this item is invalid

Ahh well - suppose I'll go to it via the front page ;)
So that's like £800?

:p
I hope that's not the new price of the PS3
Borrowing in Yen always looks impressive. Not saying £377million is pocket change, but it doesn't sound like a huge amount considdering Sony market cap.