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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