Sony Ericsson To Seek $135.5 Million, Or More
Sony (NYSE: SNE) has said that Sony Ericsson (NSDQ: ERIC) will probably seek to raise at least 100 million euros ($135.5 million) by next March, either through bank loans, a share issue or a cash injection by its two parent companies, reports Reuters. Sony Ericsson hasn’t been doing well lately, but this figure is definitely better than the $1.3 billion that it was suggested the company needed at the beginning of this month.
May 19, 2009 1:48 PM ET
Posted In: Money, Companies, Sony, Sony Ericsson
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