Sony has been aggressively growing its entertainment and electronic equipment segments in the last couple of years. In a new move, the company plans to divest some of its other business to fund growth for these two divisions.
Sony will be relisting its Financial arm as a publicly traded company.
The Japanese multinational conglomerate is looking to spin off and relist shares for its financial unit to pump new investment into its image-sensing and entertainment businesses. The Sony Financial unit operates the online-only Sony Bank, life and non-life insurance, nursing care, and venture capital.
Sony shared the plan during a recent strategy briefing with investors. According to the plan, the company will retain under 20 percent of its Fin…
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