News Breaks |
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| February 28, 2013 |
| 10:46 EDT |  | SNE | Sony sells Tokyo building for $1.2B as part of 'transformation'
Sony Corporation announced that it has sold its Sony City Osaki office building and premises to Nippon Building Fund Inc. and a Japanese institutional investor. The sale price is 111.1 billion yen. After deducting expenses related to transaction costs, Sony received net cash proceeds today of 110 billion yen. As a result of the sale, Sony expects to realize a gain on the sale of approximately 41 billion yen, to be recorded as operating income, in the fourth quarter of the fiscal year ending March 31. As stated on February 7, Sony has identified certain assets for possible sale as part of an initiative to transform its business portfolio and reorganize its assets. This sale was conducted as a part of that initiative. While this sale was aniticipated and the potential gain on the sale was taken into account at the time of the forecast, Sony is currently reevaluating the aggregate impact of this sale and other factors on the 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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