August 9, 2012 / 6:30 AM / in 5 years

Sony says to turn So-net into wholly owned unit

TOKYO (Reuters) - Sony Corp said on Thursday it plans to buy all the shares it does not already own in So-net Entertainment, an internet provider and medical information website operator, for about 60 billion yen ($765.70 million).

People look at Sony Corp's Bravia televisions displayed at an electronics store in Tokyo August 2, 2012. REUTERS/Yuriko Nakao

The Japanese consumer electronics giant, which owns 58 percent of So-net directly or through subsidiaries, plans to make a tender offer bid beginning Friday through September 20 for the remaining shares and turn it into a wholly owned unit, it said in a statement.

($1 = 78.3600 Japanese yen)

Reporting by Tim Kelly; Editing by Chang-Ran Kim

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below