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.
The three-year floating-rate loan, which came from more than 20 Japanese lenders, pays 4 basis points more than the London interbank offered rate, or Libor, for six-month yen borrowings, said Mizuho Financial Group Inc., the loan arranger. The six-month yen Libor was last quoted at 0.44750 percent.
Sony tapped the country's expanding syndicated loan market as it offered a cheaper source of cash at a time when investors in corporate debt are demanding higher yields before an expected rise in Japanese interest rates this year. The fund-raising, which ended up bigger than initially planned, offered more flexibility than bonds, said Shinichi Tobe, Sony's spokesman.
Salman from Tech4Gamers writes "Mortal Kombat 9 revived the series from a low point after bringing it back to 2D combat. It marked a new high-point for the franchise due to its incredible roster, exciting cinematic story mode, and high-octane combat."
Shaolin Monks is a forgotten gem. I would love to see a new one, or a remake of the old.
That game was actually goated. It was the first time ever that I actually tried to get good at a fighting game. Unfortunately the online connection was so dogshit it made it hard to enjoy and eventually I gave up. Haven't really played much fighting games since.
The new unit comprises over 500 developers representing the entire World of Warcraft development team.
I used to be anti-union, it kills productivity, investment and turns product mediocre. Their games suck anyways though so what was lost? Might as well get their people paid until they are dissolved.
Unions are necessary regardless of how you feel. You know how fked the working class would be without them. As if we're not already.
No they aren’t, regardless of how you feel. Unions make zero sense for skill based labor. They are for people who press a button every 10 seconds on an assembly line. “working class” is a made up term. I don’t care about corporations or developers, I just want good games lol. Killing your incentives to appease the lowest common denominator doesn’t lead to great games imo
I wasn’t trying to be offensive if I came off that way. The Union is an old mentality and I can see their usefulness but also the danger. We’re in the age of AI and robots and skill based labor. Unions can be dangerous these days. You could replace your entire workforce in one move. Checkmate. Look to the kiosk replacing workers in the 20 dollar minimum wage era.
Well run businesses don’t need unions. If you need a Union that business won’t survive anyway. Unless it’s propped up by the government with corporate welfare (which is the real issue). If you’re not going to spend some on your workers (Amazon, Google) then your welfare is cut off. No tax breaks. All you put together don’t match their wealth and resources, the union is a traditional memory at this point and counterproductive with this new enemy we face. They need a flying elbow from the top ropes. And by “working class is a made up term” I just mean we’re not a class system and even CEO Bobby Kotick puts in a days work lol. Or did.. It’s just a vague term that doesn’t mean anything no offense lol. People say “middle class” but that can change quick right? Up or down. That’s not a “class system”.
Taking a trip back to Housemarque's forgotten platformer.
i just hope these guys know what they're doing man. we don't want another ENRON now do we?
take note, this is a huge loan before the insane loss in PS3's per unit. How ready is Sony to loose 400 bucks per console. When they get to 10 million that'll equal == 4 BILLION. Compared to this loan of 700 million really shatters my confidence in them being able to pull off blu-ray.
now I know somebody's gonna spit out a last years revenue so let it begin.
Hav u read the full article,it for axpansion to there manurfacuring plants of LCD's(this is a huge groth industry and worth the joint investment),Also will help off the cost of makin PS3,Its around $150-$200 that sony may loss per console not $400.Also expect Sony to advertise PS3,Bluray,LCD's etc which all costs alot.
#3.1 - Do the sums,if PS3 costs around $750-$800 to make.And Sony sells PS3 for $600(60Gb),that a lost of around $150-$200 and less on the $500(20Gb) PS3.
A bond is a loan generated by the company. You (the investor) buy a bond, in return you get a return on it. Bonds mature within a certain period of time.
A loan is the company borrowing money from a financial institution (banks). In this case 20 banks.
I don't really have much to say. Obviously Sony felt they were getting a better rate with the loan, the money isn't even being used for PS3 stuff...what's to say?