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Sony hopes to shed 'conglomerate discount' under new name

CEO Yoshida faces test of sustaining share rally with post-pandemic vision

Sony's booth at the 2020 CES consumer electronics show in Las Vegas: The company wants to go from being primarily an electronics maker to a diversified conglomerate covering financial services, entertainment and more.   © Reuters

TOKYO -- Sony investors have given their stamp of approval for the longtime electronics maker to embrace a new, broader identity with its first renaming in more than six decades.

Shareholders approved at Friday's annual meeting a proposal to change the name to Sony Group, effective April 2021.

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