On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
43° Feels Like: 37°
Wind: W 12 mph Past 24 hrs - Precip: 0.11”
Current Radar for Zip

Tonight

Rain 40°

Tomorrow

PM Showers 59°

Sat Night

Mostly Clear 34°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

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