Tuesday, November 27th 2007
Dubai Firms Invests Substantial Stake in Sony
An investment company owned by Dubai's ruler, Sheikh Mohammed bin Rashid al-Maktoum, bought a stake in Sony Corp., in the latest sign of the growing appetite for overseas investments by Middle Eastern investors. Dubai International Capital said yesterday it made a "substantial" investment in Sony. Spokesmen for DIC, of the United Arab Emirates, and Sony declined to reveal the size of the deal. The stake is likely to be less than 5%. Any higher, and DIC would be required to make a public disclosure under Japanese securities law.
Source:
WSJ
7 Comments on Dubai Firms Invests Substantial Stake in Sony
This makes you wonder how much money Sony actually has coming in from investment firms like this all over the world...
well this investment better be spent carefully. i recently got a sony MP4 player and i think if it was a bit cheaper could easily be launchpad for the ipod killer