Sony says entertainment businesses not for sale

TOKYO Tue May 14, 2013 3:37am EDT

TOKYO May 14 (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.