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Murata Manufacturing Co Ltd (6981.T)

6981.T on Tokyo Stock Exchange

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29 Jul 2016
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Thu, Jul 28 2016

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Sony says to sell battery business to Murata Manufacturing

TOKYO Sony Corp said on Thursday it has agreed to sell a portion of its battery business to Murata Manufacturing Co Ltd , as the electronics giant responds to slowing demand for smartphones.

UPDATE 1-Sony says to sell battery business to Murata Manufacturing

* Slowing demand for smartphones has weighed on Sony profits (Adds details on deal, context)

Sony says to sell battery business to Murata Manufacturing

TOKYO, July 28 Sony Corp said on Thursday it has agreed to sell its battery business to Murata Manufacturing Co for a yet-to-be-determined amount.

BRIEF-Sony signs memorandum of understanding to transfer battery business to Murata Manufacturing

* Says the co and Murata Manufacturing Co., Ltd. entered into a non-binding memorandum of understanding that confirms their intent to negotiate the transfer of the Sony Group's battery business to the Murata Group

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