Sony shows interest in buyouts as it stresses creativity

President Totoki touts 'people and tech' that enhance IP value

20240625 Sony

Sony Group holds its annual shareholders meeting in Tokyo on June 25. President Hiroki Totoki expressed interest in acquisitions but declined to comment on specific deals. (Photo by Nikkei)

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Sony Group President Hiroki Totoki on Tuesday expressed interest in the company acquiring new businesses but declined to offer details about a reported deal for Paramount Global, as the group's moves continue to attract media attention.

"In general terms, what I am interested in is IP and what are called 'libraries,'" he said, referring to intellectual property, at the company's annual shareholder's meeting in Tokyo when questioned about the company's reported deal to buy Paramount and his views on its film business.

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