Sony completes $3.7bn takeover of financial unit

Company's face-to-face insurance marketing efforts stymied by coronavirus

20200714N Sony

Complete control of the financial firm will make it easier for Sony to make deals. © Reuters

KOSUKE SHIMIZU, Nikkei staff writer

TOKYO -- Sony has wrapped up its full buyout of listed subsidiary Sony Financial Holdings, the Japanese tech group said Tuesday, spending 400 billion yen ($3.73 billion) to gain the leverage for enacting swift reforms in the unit.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.