Private Investor Buys 'Substantial' Chunk Of Sony

A private equity company owned by the ruler of eastern Arabian emirate Dubai has made what it is calling a "substantial investment" in Sony.

Aside from using the word, 'substantial', Dubai International Capital (DIC) has refused to name the exact figure and size of the stake. Following the announcement shares in Sony closed up 4.6 percent at 5,500 yen (£24.53). Rather than referring to itself as a private equity fund or an asset stripper, DIC uses the term 'Global Strategic Equities Fund' (GSEF).

The three-year restructuring process at Sony instigated by CEO Howard Stringer is coming to an end; both the recent successful listing of Sony Financial Holdings and the sell-off of its semiconductor business indicate that the next phase - a very cash-focused phase - is in the offing.

"The combination of Sony's truly global brand, its leadership in product design and its global footprint will spur the business' medium-term growth as it capitalises on positive underlying trends and emerging technologies", said Sameer Al Ansari, executive chairman and CEO of Dubai International Capital.

So, medium-term growth is what we're looking for is it? Also, capitalisation? To us, you see, that indicates that there are going to more sell-offs. But, of course, we are a video games website and not serious financial analysts such as the mighty Michael Pachter... what do we know?