The Wall Street Journal [subscription required] is reporting that Dubai International Capital has purchased a substantial stake in Sony Corp. [NYSE:SNE]. The stake purchased is under 5% as no public paperwork has been filed with any regulatory bodies in Japan. As a result of the announcement, Sony shares rose 4.6% in Japan and 1.9% in the United States.
With strong financial performance and the momentum that their gaming division is showing, Dubai International Capital’s investment in Sony seems to be a quite reasonable and wise one.
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