Reported 3 days ago
Sony's CEO announced that the spin-off of its financial services arm will allow it to independently raise funds while continuing to leverage the Sony brand. The move, involving the distribution of over 80% of shares to shareholders, marks a significant milestone as Japan's first partial spin-off with a direct listing in over 20 years, scheduled for September 29. This strategic shift is part of Sony's focus on enhancing its financial capabilities amid a growing emphasis on entertainment as a main profit source.
Source: YAHOO