Tuesday August 06, 2013

Sony Rejects Bid To Sell Off Entertainment Divisions

If Sony can pull out of its five year funk, they might actually be able to do what they say they are going to do. Obviously the company can't continue to post massive losses and expect to have any money to fund its business plans, strategies, expansion or development.

"Sony’s Board and management believe it has adequate capital resources to fund its business plans," the letter read. "Should Sony require capital, or in the event of unanticipated events, the company’s priority would be to raise capital without selling a portion of an asset fundamental to the growth strategy, and without unnecessarily burdening Sony’s ability to execute its business strategy for both entertainment and electronics."

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