United Arab Emirates-based investment firm Dubai Int'l Capital has purchased an undisclosed stake in Sony Corp., reports VARIETY. Though specifics were not released, the company, which is owned by United Arab Emirates leader Sheikh Mohammed bin Rashid Al Maktoum, stated on its website that the investment was substantial.
Formed in 2004, Dubai Int'l Capital has acquired 9.9% in U.S.-based alternative asset manager Och-Ziff Capital Management Group and 3.12% in European Aeronautic Defense & Space, the maker of Airbus commercial airliners and military aircraft. Additionally, it owns an unknown value of shares in Daimler and HSBC Holdings.
After the announcement on Monday, U.S. shares of Sony jumped 4.2% to $51.13.
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