Sony mulls spin off proposal

May 23rd, 2013, 23:43 Posted By: wraggster

Executives consider dividing company's entertainment assets for new IPO

Sony is considering a proposal by billionaire Daniel Loeb to spin off its entertainment assets, says Chief Executive Officer Kazuo Hirai.
According to Bloomberg, the proposoal would partially divide the company's more valuable portions for the purpose of offering a new, more valuable IPO.

“It’s only a start,” said Sony CEO Kazuo Hirai.
“It’s important that the board will discuss this and come to a decision that represents Sony’s stance.”
This is just a week after the company said the assets weren't for sale.

http://www.develop-online.net/news/4...n-off-proposal

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