DigitalBattle.com - The alternative video game blog.
  

Sony To Raise $3 Billion For Games Division

October 2nd, 2007

Sony has announced that the company hopes to raise $3 billion in an IPO of its financial unit, raising the much needed money for the gaming and electronics division. Reuters reports that Sony will sell 40% of the shares in Sony Financial, total value is around 348 billion yen, or just over $3 billion USD. Sony’s game division recorded a $237 million loss last quarter, so the money is certainly needed these days.

TAGS:

1 COMMENT & TRACKBACK

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>