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Sony selling convertible bonds worth $1.9 billion to help fund Gaikai acquisition

Sony is making a little extra cash by selling $1.9 billion worth of convertible bonds. Some of the figure will be used to finance the company’s purchase of Gaikai, while up to a third will be invested into Japanese optics group Olympus Corp.

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Abash1345d ago (Edited 1345d ago )

Damn didnt know they had all that money stowed away, I bet they have even more to work with if it very necessary

nukeitall1345d ago

@Abash:

"Damn didnt know they had all that money stowed away"

On the contrary, it means Sony is aching for some cash and therefore selling bonds to obtain money.

On top of it, Sony's debt rating is recently lowered near junk status:

http://www.gamesindustry.bi...

I wouldn't personally buy Sony bonds....

jujubee881345d ago

^
~Quick! Look at this before reading on!!!

ronin4life1345d ago (Edited 1345d ago )

I am confused... what you are saying is true. Are the disagrees people who don't understand what credit and bonds are, or are they in denial?

Protip; you don't sell yourself off like this because you can. You do it when you need to. Otherwise all companies would always do it non-stop to make a quick buck.

@juju
OH SNAP LOOKS OUT!! ¤[]¤\
Lol. ^.^

crusadernm1345d ago SpamShow
Da One1344d ago

LOL....

Definitely wouldn't sell my furniture...

+ Show (1) more replyLast reply 1344d ago
majiebeast1345d ago (Edited 1345d ago )

Sony could sell their 50% of the record label and be out of financial problems in a instant.

@Knight

I was just saying it as a example i doubt they would ever sell part of the label.

Knight_Crawler1345d ago

Why would the sell half of something that is very profitable to them?

If anything they should sell Sony Ericson, Sony Bravia, Sony Cameras and Sony WALKMAN.

jujubee881345d ago

...If anyone has links to where I can buy some Sony bonds, please let me know, lol! :)

(No. Seriously.)

Sincerely,
Jujubee88

rezzah1345d ago

How much did they buy Gaikai for again?

Evildoomnerd1345d ago (Edited 1345d ago )

Gaikai was bought for $380 million dollars.

Edit: Godchild beat me to it.

Cirran1345d ago (Edited 1345d ago )

$380mil

Edit: Damn you evildoomnerd...Your name suits you well ;<

The_Klank1345d ago (Edited 1345d ago )

$380 mill. I'm interested in seeing what comes out of this.

Edit* lol at all the answers

Hicken1345d ago (Edited 1345d ago )

You guys are funny. Bubbles up.

Edit: lol, I went into Oprah mode. "You get a bubble. And YOU get a bubble! AND YOU GET A BUBBLE!

wenaldy1345d ago

Enjoy the bubble up all of you.

+ Show (3) more repliesLast reply 1345d ago
showtimefolks1345d ago

even though sony is still in red things are looking up in their last stock reports meeting. hopefully this whole mess will make sony even a stronger company

ronin4life1345d ago

Their credit ranking fell again however, putting them dangerously close to a "junk" rating.

Whatever that means exactly...>.>

showtimefolks1345d ago

Yeah like I said they are sill in red. But KAZ has been making improvements. I think ts a process hats ginna take some time.

Sony really needs to figure out something in TV department, others are making cheaper TV's, not better but cheaper so they need a competitive price point

This is why I believe ps4 won't be here by fall 2013, Sony is in no position to nest heavily right mow so maybe they will wait till 2014 and get their acts together

tiffac0081345d ago (Edited 1345d ago )

Well Sony is just going to suck it up for awhile since this recovery plan is slated to be on-going for 3 years (if I am not mistaken) and they are just barely in the 1st year of Kaz in the helm.

So its going to be a long bumpy road ahead.

As for Olympus, here is the reason Sony tied the knot with them (so-to-speak): http://www.businessweek.com...

and the guys who was doing the fraudulent acts have already been ousted from the company.

Edit: http://en.wikipedia.org/wik... - Wiki one of the best source of info ^^

ronin4life1345d ago (Edited 1345d ago )

...OLYMPUS!!??
They invested in a company recently RATTLED by major fraud cases??
Dear god...>.>

Not the best link, so if you want more info just google it yourselves:

http://mobile.businessweek....

shutUpAndTakeMyMoney1345d ago

lol 50 cent also invested in them. Seen him on QVC 4 days ago selling headhones.

profgerbik1345d ago (Edited 1345d ago )

This just shows me they are putting a lot of effort into making Gaikai something truly amazing, it doesn't matter how they got the money, all that matters to me that they are investing a lot into something that is crucial in gaming right now.

Gaikai will completely change things for them and they will no longer have to rely on console or handheld sales either gaming wise which should actually show promise for their future products and alleviate them of further stress due to an ever changing market which they soon will be fully adapted to.

I cannot wait to see what the new Gaikai offers with all this money they have put into it. It was already nice enough before Sony bought it.

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