Dubai Investment Firm Takes 'Substantial' Stake In Sony

November 26, 2007 10:30 a.m. EST

Tokyo, Japan (AHN) - An investment firm based in the Gulf said Monday that it has acquired a "substantial" amount of stock in Sony. Dubai International Capital (DIC) said, however, the amount is less than 5 percent, avoiding any regulatory triggers.

Because the United Arab Emirates-based company's investment is under 5 percent, neither Sony nor DIC is required to disclosed the exact size of the stock purchase.

Earlier this month, DIC bought 8.1 percent in Advanced Micro Devices (AMD). Like the Sony deal, AMD said the investment would likely not need approval by the U.S. government.

According to the Wall Street Journal, DIC has stakes in several companies, including DaimlerChrysler.