On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
45° Feels Like: 41°
Wind: ESE 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Showers 35°

Tomorrow

Rain 37°

Fri Night

Rain/Snow 32°

Alerts

Sony says entertainment businesses not for sale

The logo of Sony Corp. is seen atop of Sony City Osaki building in Tokyo January 10, 2013. REUTERS/Toru Hanai
The logo of Sony Corp. is seen atop of Sony City Osaki building in Tokyo January 10, 2013. REUTERS/Toru Hanai

TOKYO (Reuters) - 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)

Comments