DUBAI, Nov 26: An investment firm owned by the government of Dubai has bought a “substantial” stake in Japanese consumer electronics giant Sony, the investment company said on Monday.
Dubai International Capital (DIC) did not disclose the value of the investment, which provides further evidence of Dubai’s ambitions to expand its already impressive portfolio of foreign assets.
“Sony provides...a compelling investment case, consistent with our mandate of supporting premier global companies,” DIC’s executive chairman Sameer al-Ansari said.—AFP
