Howard Stringer

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Dubai Ruler's Fund Invests in Sony

Stake is likely in the range of $500M to $1B

(Newser) - The fund owned by the ruler of Dubai has bought what it calls "a significant stake" in Sony, Dubai International Capital announced today. DIC hasn't let on to how large the investment is, reports the Financial Times, but said today, "we typically take positions of $500m-$1bn." Any... More »

Sony Goes After Apple With TV, Film Downloads

Video downloading may turn out to be even bigger than music

(Newser) - The iPod may have displaced the Walkman, but Sony is fighting back: The Japanese company with the Welsh CEO plans to roll out new video-downloading services for its high-def TVs and PlayStation devices, the Journal reports. Insiders at Sony suggest Howard Stringer will bet big on the video-downloading market, which... More »

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