Dubai buys big chunk of Sony

A CAPITAL FUND based in Dubai has bought a large chunk of Japanese megafirm Sony, according to a report in the Wall Street Journal.

But it didn't say how much. According to the Journal (sub required), Japanese regulations must declare any investment of over five per cent. So if it's five per cent, that corresponds to about ¥277 billion.

Apparently . Dubai International Capital already owns a three per cent share in the manufacturers of Airbus, while it has a $1 billion stake in HSBC. µ