Smoking Area's Live Blog

Thursday, July 06, 2006

Sony borrows $698 million

According to a Bloomberg financial report, Sony borrowed $698 million (80 Bln Yen) from more than 20 different japanese lenders associations. Making this, the first that Sony has taken in 10 years.
"Sony will use the proceeds for general purposes" said/explained Koji Kurata, Sony's spokesman.

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"General Purposes"? or Sony's PS3 production costs?

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