Sony takes out 80 billion Yen loan

Sony has borrowed 80 billion yen (about $700 million) to “diversify funding sources”. The corporation has not borrowed this much money from a bank in over ten years. Combine this with the fact that Sony stands to lose hundreds for every PS3 sold, and you have quite a volatile equation.

Wow! The PS3 better be quite the console.

read more | digg story


Posted on July 6, 2006, in Uncategorized. Bookmark the permalink. Leave a comment.

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