Japan's Sony Corp is to raise a total of $3.58 billion (JPY440 billion) from a share and bond offering.
Troubled company seeks 30% cost savings
Sony Corp. has cut its profit forecast for the full 2013-14 year after results for the first half to end Sept. stayed in the red and the Sony Pictures unit slipped from profit into loss.
Sony Pictures Entertainment has tapped crisis PR pro Charles Sipkins as its new senior communications executive. Sipkins, who most recently served as a managing director for Sard Verbinnen, will fill…
All this maneuvering and breathless anticipation might lead one to believe that Sony or Intel or whoever is going to launch something so revolutionary that incumbents like TW Cable will instantly…
Despite Sony Corp.’s rejection of his proposal to spin off as much as 20% of the conglom’s entertainment assets, Third Point Capital CEO Daniel Loeb said he was actually “pleased with the outcome” of…
Ricky Ow has quit Sony Pictures Television, where he instigated a trend-setting theme of content localization.
Sony Corp. headed back to black in the first quarter of the fiscal year, with $35.5 million in net profit, compared with a loss of $250 million. The movie segment was helped by disposal of the music…
Sony Corp. is leaning toward rejecting a proposal from investor Third Point Capital to spin off its entertainment assets, according to a report Wednesday in Nikkei. Sony’s board is meeting today in…
While some of the country’s biggest media executives decide which tennis shorts to pack, the rest of the world is left speculating about the deals they may stir up at this year’s Allen & Co…
News Corp. completed the spinoff of its publishing assets Friday, setting the stage for both companies to prove themselves on the open market. Shares for both companies began early trading on June…