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Sony Considers Spinning Off and Listing Its Giant Financial Arm

2023-05-18 09:18
Sony Group Corp. is weighing a spinoff and separate listing for its financial unit in two to three
Sony Considers Spinning Off and Listing Its Giant Financial Arm

Sony Group Corp. is weighing a spinoff and separate listing for its financial unit in two to three years, potentially reversing a $3.7 billion take-private deal concluded in 2020.

It shares rose as much as 7% in Tokyo. The entertainment conglomerate will consider such a plan over the rest of this fiscal year before making a decision, the company said in presentation materials ahead of a briefing.