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Sony Corp (SNE.N)

SNE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Melexis signs agreement with Sony to expand time-of-flight offering
Thursday, 8 Oct 2015 07:45am EDT 

Melexis NV:Has signed an agreement with Sony to further expand time-of-flight offering for automobile safety and infotainment markets.Melexis will enter into a license agreement with Sony for DepthSenseRM time-of-flight sensor technology upon Sony's acquisition of SoftKinetic.Products derived from this collaboration will be fabricated at Sony's wafer fabrication facility in image sensor technology.  Full Article

Sony completes acquisition of Softkinetic Systems S.A.
Thursday, 8 Oct 2015 02:00am EDT 

Sony Corp:Completes full acquisition of Softkinetic Systems S.A. which owns the distance image sensor technology and related system as well as software.  Full Article

InterDigital Inc expands convida wireless research scope with Sony and enters into patent license
Wednesday, 30 Sep 2015 04:41pm EDT 

InterDigital Inc:Says expanding research scope of its Convida Wireless joint venture with Sony Corporation of America.Says that this agreement includes a patent license from InterDigital.  Full Article

Technicolor and Sony form joint patent licensing program
Monday, 14 Sep 2015 02:00am EDT 

Technicolor SA:Technicolor and Sony Corp form joint patent licensing program for digital television and computer display monitor.Technicolor will be the exclusive licensing agent of the combined portfolio that covers DTV and CDM.License is offered for both existing and new licensees.  Full Article

Sony to issue new shares through private placement
Wednesday, 12 Aug 2015 02:00am EDT 

Sony Corp:To issue 4,800,000 new shares of common stock through private placement.Issue price at 3,279.44 yen per share, or 15,741,312,000 yen in all.Effective date Aug. 18.The total shares outstanding will become 1,262,162,260.  Full Article

Sony announces issue price of new shares and conversion price for 6th series corporate bonds with warrants
Monday, 13 Jul 2015 05:10am EDT 

Sony Corp:To issue 87,200,000 shares through public offering at the price of 3,279.44 yen per share, for 285,967,168,000 yen in total, with subscription period from July 14 to July 15 and payment date on July 21.To issue shares through private placement at the price of 3,279.44 yen per share, for up to 15,741,312,000 yen in total, with subscription date on Aug. 17 and payment date on Aug. 18.Issues the conversion price of 5,008 yen per share for 6th series unsecured corporate bonds with warrants, with subscription period from July 14 to July 15 and payment date on July 21.  Full Article

Sony to issue shares and bonds
Tuesday, 30 Jun 2015 01:30am EDT 

Sony Corp:To issue 87,200,000 shares through public offering.To issue 4,800,000 shares through private placement to Nomura Securities, with subscription on Aug. 17 and payment on Aug. 18.To issue 6th series convertible bonds with warrants bonds worth 120 bln yen.Issue price 100 yen per each 102.5 yen, with maturity date Sep. 30, 2022.  Full Article

Sirius XM Holdings Inc to pay record companies including Sony Corp's Sony Music $210 mln for pre-1972 songs - Reuters
Thursday, 25 Jun 2015 08:00pm EDT 

Sirius XM Holdings Inc:Says it agreed to pay five record companies $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties - Reuters.Says the settlement resolves claims by Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc, Warner Music Group and ABKCO Music & Records in a Sept. 2013 lawsuit over songs recorded by the likes of the Beatles, Patsy Cline, Bob Dylan, Aretha Franklin, Jimi Hendrix and the Rolling Stones.  Full Article

Sony raises consolidated full-year outlook for FY 2015
Wednesday, 22 Apr 2015 02:00am EDT 

Sony Corp:Says the company increased the consolidated full-year outlook for revenue to 8,210,000 million yen from 8,000,000 million yen for FY ended March 2015.Operating profit forecast increased to 68,000 million yen from 20,000 million yen.Income before income taxes forecast increased to 39,000 million yen from a loss of 5,000 million yen.Net income attributable to shareholders increased to a loss of 126,000 million yen from a loss of 170,000 million yen.FY 2015 revenues of 8,097.15 billion yen, net income of -149.79 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase and costs reduction are the main reasons for the forecast.  Full Article

EU mergers and takeovers (July 26)

BRUSSELS, July 26 The following are mergers under review by the European Commission and a brief guide to the EU merger process: