StarDestroyer.Net BBS

Does the outlook for Sony keep going downhill? Looks that way with a recent loan Sony has taken out, which is the first in ten years for the company. Here's the catch- They didn't just take out a little. Oh, no. 80 Billion Yen. In USD, this comes out to around $700 Million Dollars. They call it a way to 'diversify funding sources.'

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Thread title changed for clarity-Bean

And here I thought you'd meant 80 billion dollars. A little more specifics with the topic would be nice.

For a company as big as Sony though, $700mil isn't too bad. At least, I wouldn't think it's too bad. . .

Thread title correct, the fact it's Yen rather than dollers is kinda important.

It's the diffrence between "Man runs 100M race in under an hour!" Where M equals Meters rather than say Miles, which would be far more impressive and noteworthy.

Of course Sony has always been company that while it is succesful is cash strapped because it has so many divisions that are pure money eaters rather than makers. Compare that with the Godzilla that is MS and the amount of raw cash they have on hand... Hell Billy boy could afforded to give Sony that load out of his personal bank accounts alone, No need to involve twenty diffrent banks.

Of course then Mr Gate might insist on much more proment repayale of that loan than those banks.

No word on the interest rate?