Tuesday, June 30, 2015

Sony to Raise ~$3.6 Billion to Invest in Stacked Sensor R&D and Production

Reuters: Sony announces its plans to raise $3.6 billion via new shares and bonds to expand stacked image sensor R&D and production. It's Sony's first new share issue in 26 years, worth close to a tenth of its current market value. The company expects to raise 321 billion yen ($2.62 billion) from a public stock offering and a further 119 billion yen from a convertible bond issue to fund a boost in sensor output capacity at its advanced plants in Japan.

For some reason, Sony PR document blocks copy/paste function, so I'm showing a snapshot of it:

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