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 SONY is now loaning money!
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QuezcatoL

  • Total Posts : 7059
  • Joined: Jul 16, 2005
  • Location: Sweden/stockholm
SONY is now loaning money! - Jul 04, 2006 03:03
So majik has written some threads about sony losing money,well it seems they are really LOSING money...

look here...

July 3 (Bloomberg) -- Sony Corp., the world' s second- largest consumer electronics maker, said it took out an 80 billion yen ($698 million) syndicated loan last week, its first bank borrowing in 10 years, to diversify funding sources.

Can you imagien going to a bank loaning 700 million $?

www.bloomberg.com/apps/news?pid=20601080&sid=ac.REUfeFG9Q

Why loan money if they have so much money as everyone says?


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