Sony Group Denies Media Reports on Semiconductor Business Spin-Off

MT Newswires Live
02 May

Sony Group (TYO:6758) responded to media reports, claiming that the company was considering a partial spin-off of its Imaging & Sensing Solutions (I&SS) business, according to a Thursday filing on the Tokyo Stock Exchange.

Sony clarified that these reports were not based on any official disclosure and said there are no such plans at present.

While the company continues to evaluate long-term strategies for its I&SS business, no decisions have been made.

Price (JPY): $3699.00, Change: $+36, Percent Change: +0.98%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10