Sony Ericsson To Seek $135.5 Million, Or More

Sony (NYSE: SNE) has said that Sony Ericsson (NSDQ: ERIC) will probably seek to raise at least 100 million euros ($135.5 million) by next March, either through bank loans, a share issue or a cash injection by its two parent companies, reports Reuters. Sony Ericsson hasn’t been doing well lately, but this figure is definitely better than the $1.3 billion that it was suggested the company needed at the beginning of this month.