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Sony calls off merger with India media giant Zee
Zee considers legal action after Sony ends the planned $10bn merger of the firms' Indian operations. More »
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20 posts
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Sony to take full control of listed financial arm for $3.7 billion
TOKYO (Reuters) – Sony Corp (6758.T) will turn its financial arm, Sony Financial Holdings Inc (8729.T), into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesda... More »
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Spider-Man to keep swinging in Marvel’s movie universe
LOS ANGELES (Reuters) – Spider-Man, the popular web-slinging superhero currently played by actor Tom Holland, will headline a new movie in 2021 and appear in a future Marvel Studios film under a deal announced Friday by Sony Corp (6758.T) and Walt Disney Co (D... More »
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Hedge fund Third Point calls on Sony to spin off semiconductor unit
(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. T... More »
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Sony stock jumps after first-ever share buyback announcement
TOKYO (Reuters) – Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors freaked over lackluster earnings. The announcement marked Japan’s s... More »
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Sony’s push into entertainment aims for stability, not splashiness
TOKYO (Reuters) – Sony Corp’s (6758.T) new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple Inc (AAPL.O) and Netflix Inc (NFLX.O). The company last week announced ... More »
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Sony expects 8.8 percent annual profit drop as strong yen slows…
TOKYO (Reuters) – Sony Corp said on Friday it expects operating profit to fall 8.8 percent in the financial year through March 2019 as a stronger yen eats into profits from the image sensor business. The electronics and entertainment firm forecast profit to fa... More »
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Sony pins hopes on 4K video to revive smartphone sales
The Sony Xperia XZ2 is seen on display during the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez BARCELONA (Reuters) – Japan’s Sony Corporation (6758.T) is turning its focus to 4K high-definition video recording in its new X... More »
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Sony CEO Hirai to step down, turnaround ally Yoshida to take helm
FILE PHOTO: Sony Corp’s Chief Financial Officer Kenichiro Yoshida attends a news conference at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins t... More »
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Sony reports best-ever third quarter profit, forecasts new annual reco
Sony Corp’s logo is seen at its news conference in Tokyo, Japan November 1, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp on Friday reported a nearly four-fold jump in third-quarter operating profit on growing demand for its image sensors, a... More »
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Sony sets record with three-fold jump in first quarter operating profit
Logos of Sony Corp are seen at an electronics store in Narita International airport in Narita, Japan, November 1, 2016. Japan’s Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its high... More »
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Spotify signs Sony royalty deal while Warner holds out: reports
FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify, February 18, 2014 Spotify has reached a licensing deal with a second major label, Sony Music Entertainment, according to media reports, setting the stage for a U.S. s... More »
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Sony unveils new `Spider-man` game at E3 expo
Sony Playstation shows the Spider-Man game as they demonstrate upcoming game releases during a news conference at E3 2017 in Los Angeles, California, U.S. June 12, 2017. REUTERS/ Mike Blake Sony unveiled a new “Spider-man” game for its Playstation video consol... More »
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Sony takes $976 million charge on film segment in October-December
The company logo of Sony Cooperation is seen at the CP+ camera and photo trade fair in Yokohama, Japan, February 25, 2016. REUTERS/Thomas Peter/File Photo Sony Corp (6758.T) said on Monday it booked an impairment charge of 112.1 billion yen ($976 million) on t... More »
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Sony Entertainment CEO exiting for a top role at Snap
File Photo: Michael Lynton, CEO Sony Entertainment and CEO and chairman Sony Pictures Entertainment, speaks during an investors’ conference at the company’s headquarters in Tokyo November 18, 2014. REUTERS/Toru Hanai Sony Entertainment Chief Executive Michael ... More »
Sony Music`s Twitter hacked, fake Britney Spears death tweets sent
Britney Spears performs at iHeartRadio Jingle Ball concert at Staples Center in Los Angeles, California U.S., December 2, 2016. REUTERS/Mario Anzuoni – RTSUFOU Sony Music Entertainment’s Twitter account was hacked on Monday, publishing fake statements that pop... More »
Sony extending closure of image sensor plant in quake-hit southern Japan
TOKYO Electronics giant Sony Corp on Sunday said production at its image sensor plant in Kumamoto, southern Japan, remained suspended as it assessed damage from a powerful earthquake. Operations at its image sensor plants in Nagasaki and Oita, also on the sout... More »
Toshiba to sell sensor business to Sony for around $165 million: sources
TOKYO Toshiba Corp is set to sell its image sensor business to Sony Corp for around 20 billion yen ($164.68 million) as part of a restructuring plan laid out earlier this year, sources with knowledge of the deal said on Saturday. Toshiba, whose businesses rang... More »
Sony proceeds with plan to sell music publishing unit: WSJ
Sony Corp (6758.T) is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the world’s largest music publisher, the Wall Street Journal reported. Sony, which owns the unit with Michael Jackson’s estate, recently triggered a clause in its contr... More »
Sony to raise up to $3.6 billion to boost sensor production
TOKYO Sony Corp said it plans to raise up to 440 billion yen ($3.6 billion) by issuing new shares and convertible bonds to invest in its fast-growing image sensors business. Sony said it expects to raise 321 billion yen from a public offering and 119 billion f... More »
