Sony raises stake in Sony Financial [Seeking Alpha]
SONY CORP (SNE)
Last sony corp earnings: 10/31 04:02 pm
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US:NYSE Investor Relations:
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Source: Seeking Alpha
Sony (NYSE: SNE ) has raised its stake in unit Sony Financial ( OTCPK:SNYFY ) from 63%, buying 9M shares yesterday for 2,144 yen each in an off-market transaction. The ¥19.3B acquisition will boost net income for Sony’s shareholders with the goal of raising corporate value for both the Sony Group and Sony Financial. The company also said it's desirable for Sony Financial to maintain its listed status, and secure transparent management and independent financing. Source: Bloomberg First Word Click to subscribe to real-time analytics on SNE Now read: Sony To Dance To Only Slightly Different Tune Under New CEO »
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