Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion).
TOKYO: Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesday.
The deal will allow Sony to strengthen its presence in the fintech field to compete with global tech majors such as Alibaba Group Holding Ltd and Apple Inc.
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