Sony says entertainment businesses not for sale

TOKYO Tue May 14, 2013 3:54am EDT

1 of 2. The logo of Sony Corp. is seen atop of Sony City Osaki building in Tokyo January 10, 2013.

Credit: Reuters/Toru Hanai

Related Topics

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)

FILED UNDER: