TOKYO -- Sony will make listed subsidiary Sony Financial Holdings a wholly owned unit for 400 billion yen ($3.73 billion) as it follows global tech giants Alibaba Group Holding and Apple in turning to finance as a stable profit generator that performs even during crises like the current pandemic, Sony announced Tuesday.
Companies
Sony to become Sony Group, integrating financial unit
Electronics icon bolsters fintech, in line with Alibaba and Apple
Sony owns about 65% of Sony Financial Holdings and plans to buy the remaining shares through a tender offer.
Read Next
Latest on Companies
