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NEWS - Sony Says Entertainment Businesses Not For Sale

Sony Says Entertainment Businesses Not For Sale

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Sony Corp, responding to a shareholder's call for it to spin off its entertainment operations, said its entertainment businesses were important to its growth strategy and "are not for sale".

Sony Corp, responding to a shareholder's call for it to spin off its entertainment operations, said its entertainment businesses were important to its growth strategy and "are not for sale".

The statement from a Sony spokesman came after hedge fund Third Point went public with a proposal for Sony to sell part of its entertainment division in a public offering to bolster the electronics group's profitability and boost the share price.

(Reporting by Nathan Layne; Editing by Edmund Klamann)


 

 

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