Sony shares hit 2-year high on report of spin-off proposal

TOKYO Tue May 21, 2013 8:14pm EDT

TOKYO May 22 (Reuters) - Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating a proposal from top shareholder Third Point LLC to spin off its movie and music business.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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