Sony Focuses on its Electronics Business
Sony Corp. has sold off part of its holdings in an online securities broker – Monex Beans Holdings Inc.
The bean counters at that company really are bean counters.
Sony will make a profit of 3.5 billion yen ($30 million) from the sale…and still keep a 7.7% interest.
Sony says it wants to refocus on its consumer electronics business – digital music and flat-panel televisions.
A week ago, Sony made 9 billion yen ($80 million) in a partial sale of its interests in Stylelife Holdings.
Sony is not hurting for money…or is it?
With $110 million extra to work with, Sony aims to do what it does best – consumer electronics.
What do you think?
