Hacked e-mail shows Sony received US$7b proposal
Unidentified investors wanted to fund Sony's film production and buy company stock
Add BT as a preferred sourceTokyo
SONY Corp's entertainment unit was approached over a potential US$7 billion financing offer from a group it believed was linked to princes from the Middle East, according to documents released by hackers who broke into the company's computers.
Under the proposal, the unidentified investors would commit US$6 billion of debt and equity financing to fund Sony's film production, according to a Nov 1 email from Sony Pictures Motion Picture Group's chief financial officer, Stefan Litt. The plan also involved buying US$1 billion in Sony stock.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
