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Key Developments: Sony Corp (SNE.N)

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Latest Key Developments (Source: Significant Developments)

Sony to transfer business to Tokyo-based subsidiary
Monday, 22 Feb 2016 01:00am EST 

Sony Corp:To transfer its network platform development and operating business to its Tokyo-based wholly owned subsidiary, effective on April 1.  Full Article

Sony to transfer business to Kanagawa-based unit
Monday, 22 Feb 2016 01:00am EST 

Sony Corp:To transfer its semiconductor business to its Kanagawa-based wholly owned unit, effective on April 1.  Full Article

R&I affirms Sony Corp's rating at "A-" and announces stable outlook
Thursday, 18 Feb 2016 12:00am EST 

Sony Corp:Rating and Investment Information, Inc. (R&I) affirmed Sony Corp's issuer rating at "A-".Rating outlook stable.  Full Article

Sony to acquire Altair Semiconductor, Israeli innovator of LTE modem chip technology
Tuesday, 26 Jan 2016 01:00am EST 

Sony Corp:Says it has reached an agreement with Altair Semiconductor (“Altair”) and its major shareholders to acquire Altair.The purchase price is 212 million U.S. dollars (approximately 25 billion yen), and Sony expects to complete the acquisition in early February.  Full Article

Sony Corp - Hollywood studios, Sky spar with EU antitrust regulators - Reuters
Monday, 18 Jan 2016 01:56am EST 

Sony Corp:NBCUniversal, Disney and 4 other U.S. studios together with Sky UK on Monday rebuffed EU charges of anti-competitive movie-licensing deals in a crucial hearing ahead of a decision later this year - RTRS.The companies' defence at a 3-day closed-door hearing came six months after the European Commission accused them of preventing consumers outside Britain and Ireland from accessing films and other content broadcast by the British pay-TV group - RTRS.Clauses in the deals also prevent other broadcasters from making their pay-TV services available in the UK and Ireland - RTRS.The accusations by the EU antitrust enforcer came amid a campaign to end restrictions hindering cross-border trade, aimed at boosting e-commerce and growth in the 28-country bloc - RTRS.Defenders of territorial licensing, however, say that the system preserves the region's cultural diversity and safeguards fair payment for artists and content providers - RTRS.Other Hollywood studios involved in the case are Paramount Pictures, part of Viacom, Sony, Twentieth Century Fox and Warner Brothers - RTRS.Sky UK and the studios face fines up to 10% of their global turnover if found guilty of breaching EU rules - RTRS.Other participants included Canal Plus, German media ProSieben, Telefonica's DTS unit, the European Producers Club, British Film Institute, Producers Alliance for Cinema and Television, French cinema producers body APC and Italy's cinema and audiovisual group Anica - RTRS.  Full Article

Toshiba updates on sale of asset to Sony
Friday, 4 Dec 2015 01:00am EST 

Toshiba Corp:To sell the semiconductor manufacturing related asset and property to Sony, at 19 bln yen.  Full Article

Sony to issue mid-year dividend for FY 2016
Thursday, 29 Oct 2015 02:00am EDT 

Sony Corp:To issue a mid-year dividend of 10 yen per share to all the shareholders of record as of Sep. 30, for the fiscal year ending March 2016.Payment date Dec. 1.Says the dividend amount is in line with the latest forecast.  Full Article

Sony to purchase asset from Toshiba Corp
Wednesday, 28 Oct 2015 02:00am EDT 

Sony Corp:To purchase the semiconductor manufacturing related asset and property from Toshiba Corp.  Full Article

Sony Corp - EU regulator hands out 116 mln euros cartel fine for disc drive makers - Reuters
Wednesday, 21 Oct 2015 12:39am EDT 

Sony Corp:The European Commission has handed out a 116 million euros ($131.73 million) fine to producers of optical disc drives, having found them guilty of colluding on price - RTRS.The Commission, which acts as the competition watchdog in the 28-member European Union, said the largest fine of 41.3 million euros was for a joint venture of Toshiba and Samsung Electronics, while Sony 6758.T, Hitachi-LG Data Storage and Quanta Storage were also fined - RTRS."The anticompetitive conduct subject to fines in this case concerns agreements to collude in procurement tenders for optical disk drives for laptops and desktops produced by Dell and Hewlett Packard (HP)," the Commission said in a statement - RTRS.Philips and its joint venture partner Lite-On were also found guilty but not fined because they had alerted regulators to the cartel, the Commission added - RTRS."Millions of EU citizens use devices integrating optical disc drives all the time, for example when storing their favourite pictures on a disc.Keeping these markets competitive is important," European Competition Commissioner Margrethe Vestager said - RTRS."Today's decision demonstrates once again that cartelists cannot escape fines just by holding their meetings in cinemas and car parks outside Europe, while selling their products in Europe," she continued - RTRS.  Full Article

Sony Corp to pay up to $8 million in 'Interview' hacking lawsuit - Reuters
Monday, 19 Oct 2015 08:00pm EDT 

Sony Corp:Sony Pictures Entertainment Inc has agreed to pay up to $8 million to resolve a lawsuit by employees who claimed their personal data was stolen in a 2014 hacking tied to the studio's release of a comedy set in North Korea, "The Interview" - RTRS.The settlement with the Sony Corp unit and current and former employees was disclosed in papers filed on Monday in federal court in Los Angeles - RTRS.Under the deal, Sony will pay up to $2.5 million, or $10,000 per person, to reimburse employees for identity theft losses and up to $2 million, or $1,000 per person, to reimburse them for protective measures they took after the cyber attack - RTRS.Sony has also agreed to pay up to $3.49 million to cover legal fees and costs, according to court papers. The settlement must be approved by U.S. District Judge Gary Klausner - RTRS.The attack, for which U.S. officials blamed North Korean hackers, wiped out massive amounts of data and led to the online distribution of email, sensitive employee data and pirated copies of new movies - RTRS.The lawsuit was filed soon after by former employees who contended Sony's negligence caused them economic harm by forcing them to beef up credit monitoring to address their greater risk of identity theft - RTTS.  Full Article

Nikkei hits near 1-month high on weaker yen; Sony soars on outlook

TOKYO, May 25 Japanese stocks rose to a near one-month high on Wednesday as exporters received a boost from a stronger dollar following firm U.S. housing data, while Sony Corp soared after releasing earnings.