News Breaks |
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| January 18, 2013 |
| 04:57 EDT |  | SNE | Sony Corporation of America sells 550 Madison Avenue building for $1.1B
Sony Corporation of America, or SCA, a wholly-owned subsidiary of Sony, announced that it has entered into a contract to sell its U.S. headquarters building, located at 550 Madison Avenue in New York City, to a consortium led by The Chetrit Group, a New York-based owner of commercial properties in New York City and other major US real estate markets. The sale price is $1.1B, and it is expected that the transaction will close in March. SCA and other Sony businesses, including Sony Music Entertainment, Sony/ATV Music Publishing and Sony Pictures Entertainment, among others, will remain in the building for up to three years under a leaseback arrangement with the purchaser. After repaying debt related to the building and other transaction costs, it is expected that Sony will receive net cash proceeds of approximately $770M. Sony expects to realize a gain on the sale of approximately $685M to be recorded as operating income. Sony is currently reevaluating its forecast of the consolidated financial results for the current fiscal year ending March 31 to take into account this sale and other factors that might affect such forecast. |
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News For SNE From The Last 14 Days Check below for free stories on SNE the last two weeks. |
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| June 19, 2013 |
| 11:57 EDT |  | SNE | Sony video shows PlayStation 4 details, The Next Web says
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| 10:04 EDT | | SNE | Sony spin-off proposal won't be considered at Thursday meeting, Reuters says
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| 10:01 EDT | | SNE | Sony spin-off proposal won't be considered at Thursday meeting, Reuters says
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| June 18, 2013 |
| 17:12 EDT | | SNE | Nvidia to begin licensing GPU cores, visual computing portfolio
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| 16:22 EDT |  | SNE | On The Fly: Closing Wrap
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| 12:21 EDT | | SNE | On The Fly: Midday Wrap
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| 09:49 EDT |  | SNE | Sony rises after Third Point raises stake to 7%, levels to watch
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| 09:05 EDT | | SNE | T-Mobile to be exclusive carrier of Sony Xperia Z smartphone
T-Mobile U.S. (TMUS) announced it will be the exclusive U.S. wireless company to carry the Xperia Z from Sony (SNE). |
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| 08:52 EDT | | SNE | On The Fly: Pre-market Movers
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| 07:42 EDT | | SNE | May U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link |
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| 07:39 EDT | | SNE | Loeb ups his Sony stake, pushes for entertainment IPO, WSJ reports
Hedge-fund investor Daniel Loeb's Third Point LLC increased its stake in Sony Corp. as it moved to persuade the company to launch an IPO of its entertainment division, reports the Wall Street Journal. Third Point added about 5M shares to its Sony stake, for a total of 70M shares, or 6.9% of the company. This morning in Tokyo, Loeb's fimr sent a letter from him to Sony CEO Kazuo Hirai reiterating their argument that Sony should sell a 15% to 20% stake in its entertainment arm, which comprises the company's movie and music businesses. Reference Link |
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| 06:05 EDT |  | SNE | Sony implied volatility at upper end of index mean range
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| June 17, 2013 |
| 20:08 EDT | | SNE | Dan Loeb sends second letter to Sony, Variety reports
Dan Loeb has sent a second letter to Sony CEO Kazuo Hirai reiterating his proposal to spin-off Sony's entertainment assets, reports Variety. Reference Link |
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| June 14, 2013 |
| 15:06 EDT | | SNE | Sony CEO says electronics, entertainment units should be together, Nikkei says
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| 15:03 EDT | | SNE | Sony CEO says electronics, entertainment units should be together, Nikkei says
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| 10:32 EDT | | SNE | GameStop climbs after Oppenheimer ups rating on shares
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| 07:18 EDT | | SNE | Sony volatility elevated on wide price movement
Sony June call option implied volatility is at 43, July is at 51, October is at 47; above its 26-week average of 37 according to Track Data, suggesting large price movement. |
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| June 12, 2013 |
| 13:48 EDT | | SNE | Sony backtracks on PS4 ability to play used games, CNET says
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| 11:43 EDT | | SNE | EA says Sony is having ' a great show' for its new generation console
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| 11:36 EDT | | SNE | EA says Sony is 'striking the right balance" in consoles
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