 |
Musk: Time to tackle dealer dispute
Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Sponsored Links
Sony to sell subsidiary M3 shares, post $1.23 billion operating profit
The logos of Sony Corp. are seen at an electronic store in Tokyo February 6, 2013.
Credit: Reuters/Shohei Miyano
TOKYO |
TOKYO (Reuters) - Sony Corp said on Wednesday that it would sell six percent of shares in its consolidated subsidiary M3 Inc, and as a result post a 115 billion yen ($1.23 billion) operating profit for the year through March 2013.
Sony said in statement that the sale of shares in M3, a marketing company, was part of a rebalancing of its business portfolio and assets.
($1 = 93.52 Japanese yen)
(Reporting by Shinichi Saoshiro; Editing by Ron Popeski)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters