Chandler on 28 February 2013
outlawauron said:
Why does this news mean they're putting everything they have into the PS4 basket? |
Because sell and lease back is most of the time just a short term relief. Right now, their business model is not profitable. But nonetheless they sold their buildings for liquidity and added another source of running costs on their balance sheet in form of rent. I don't think rent in Manhattan and Tokyo is cheap.
I think because Sony's credit rating is pretty bad they had to do this to get some liquidity because they probably only get shitty deals from banks right now.
Ongoing bet with think-man: He wins if MH4 releases in any shape or form on PSV in 2013, I win if it doesn't.
