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January 20, 2017 10:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/bNGtkpJW6WU/sony-is-weighing-a-sale-of-film-tv-business
Sony Is Weighing a Sale of Film, TV Business
Sony could be exploring the sale of its film and television unit just a week after announcing the departure of Sony Entertainment CEO Michael Lynton. From a report: Tokyo's Sony Corp. is listening to bank pitches about a potential sale of its film and TV operations, several sources told The Post. "Every bank is pushing pitches," said one person familiar with the process. Another confirmed that banks have paid a flurry of visits to Tokyo to advise on a sale of Sonyâ(TM)s film and TV business. The Post was first to report that the Japanese owners were ready to listen to bid proposals if they had the right number attached. CBS CEO Leslie Moonves has long signaled interest in acquiring the asset, though several Chinese bidders could be in the wings. Sony CEO Kaz Hirai has denied any intent to sell the firm during the five years he's been in the top slot at the company. Still, he has not appointed a successor to Lynton, despite knowing of his intention to depart for some time. That has sparked speculation that there may be no position to fill.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/bNGtkpJW6WU/sony-is-weighing-a-sale-of-film-tv-business
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