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Sony tumbles on fundraising plan

Jun. 30, 2015 3:27 AM ETSony Group Corporation (SONY) StockSONYBy: Yoel Minkoff, SA News Editor2 Comments
  • Sony (NYSE:SNE) plans to raise up to ¥440B ($3.6B) by issuing new shares and convertible bonds to help finance an increase in production of image sensors used in smartphones.
  • Shares plunged 8.3% in Tokyo on news of the fundraising plan.
  • Sony's image sensors business is becoming its strongest and fastest growing unit as sales at its TV and mobile operations struggle.

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