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Sony Corp to Sell Shares in M3 Inc to Deutsche Securities Inc.

Wednesday, 11 Sep 2013 07:50pm EDT 

Sony Corp announced that it has decided to sell 155,000 shares (a 9.75% stake) in M3 Inc to Deutsche Securities Inc. for JPY 37.8 billion, on September 17, 2013. As a result, Sony will hold 636,908 shares (a 40.07% stake) in M3 Inc, down from 791,908 shares (a 49.82% stake).