Sony Denies Media Reports of Partial Spin-Off of Imaging & Sensing Solutions Business

MT Newswires Live
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Sony Group (SONY) said Wednesday it is not considering a partial spin-off of its Imaging & Sensing Solutions semiconductor business.

"Although Sony Group Corporation is always considering the mid- to long-term growth strategy of the I&SS business from various aspects, nothing has been determined at this time," Sony said in a 6-K filing with the US Securities and Exchange Commission..

Media outlets said Monday that a spinoff could occur as soon as this year, with Sony possibly retaining a minority stake in the business.

Sony shares were 0.8% lower in recent trading.

Price: 25.52, Change: -0.23, Percent Change: -0.91

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