Sony generating $1.9 billion via convertible bonds sales

Sony generating $19 billion via convertible bonds sales
Sony is raising a little extra "walking around town" money by selling convertible bonds to the tune of $1.9 billion. A third of the $1.9 billion will go toward an investment in Japanese optics company Olympus Corp., while some will be used to finance Sony's acquistion of Gaikai. Sony is also looking to repay debt and increase its financial focus on CMOS image sensors.

In Q2 2012, Sony reported a net loss of $198 million, with a year-on-year decline in profit in the gaming division. PS3 and PS2 sales hit 3.5 million during the quarter, compared with 4.9 million the previous year, and Sony revised expected Vita and PSP sales for the year from an initial 16 million to 10 million.

This article was originally published on Joystiq.