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Sony pulls plug on pioneering battery business, eyes Murata deal

Murata Manufacturing is set to take charge of Sony's lithium-ion battery business by early next year.

TOKYO -- Sony has agreed to sell its battery business to Murata Manufacturing, as the electronics giant parts ways with a once-breakthrough lithium-ion operation that has failed to recover from a litany of setbacks.

Murata will take control of five production sites by the end of March 2017, including those in Japan's Fukushima Prefecture, Singapore and China. Sony will retain operations related to consumer sales of alkaline batteries and other consumer products, it was announced Thursday.

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