May 14, 2013 / 7:53 AM / in 5 years

Sony says entertainment businesses not for sale

TOKYO (Reuters) - Sony Corp, responding to a shareholder’s call for it to spin off its entertainment operations, said its entertainment businesses were important to its growth strategy and “are not for sale”.

The logo of Sony Corp. is seen atop of Sony City Osaki building in Tokyo January 10, 2013. REUTERS/Toru Hanai

The statement from a Sony spokesman came after hedge fund Third Point went public with a proposal for Sony to sell part of its entertainment division in a public offering to bolster the electronics group’s profitability and boost the share price.

Reporting by Nathan Layne; Editing by Edmund Klamann

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