TOKYO: Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said.
Selling the unit, which employs 2,700 people and had sales last year of US$1.74bil (RM5.22bil), would help Sony cut costs and generate cash as it restructures its operations, three people involved in the preliminary discussions told Reuters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!