Some of the world's largest makers of consumer electronics are facing a new round of financial uncertainty thanks to a currency crisis that threatens to send their cash flow plummeting.
Facebook today announced that Digital Sky Technologies has made a $200 million investment in the company in exchange for preferred stock, representing a 1.96 per cent equity stake at a $10 billion valuation.
In spite of long-running rumours of its demise and huge recent losses, mobile phone maker Sony Ericsson could be in line for a massive cash injection from its two parent companies.
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The latest games industry research by the NPD Group says that the games industry is effectively recession-proof with consumers set to maintain or increase their spending on games throughout 2009.
Philips is suffering from the global recession, posting big losses across its businesses, particularly in consumer electronics, construction and automotive divisions.
The recent drop in LCD prices has led Toshiba to buy its partner Panasonic out of their joint display venture in a bid to find profitability.
As predicted last month, NEC's financial woes are bearing down so hard on the firm it is withdrawing in July from the PC business in all but its home market.
When it reports its latest financial earnings on 17 April, Sony Ericsson will come under renewed pressure to act, as it expects losses of close to 400 million euros (£377 million) for the year's first quarter.