Sony CEO says no plan to immediately sell off TV unit

TOKYO Thu Feb 6, 2014 2:39pm IST

Shoppers look at Sony Corp's Bravia televisions at an electronics retail store in Tokyo February 5, 2014. REUTERS/Yuya Shino

Shoppers look at Sony Corp's Bravia televisions at an electronics retail store in Tokyo February 5, 2014.

Credit: Reuters/Yuya Shino

Related Topics

Stocks

   

TOKYO (Reuters) - Sony Corp (6758.T) Chief Executive Officer Kazuo Hirai said on Thursday that the Japanese consumer electronics company has no plan to immediately sell off its loss-making TV business after selling its personal computer division to an investment fund.

Earlier, Sony, under pressure to shore up profitability in its electronics business, said it would split off the TV division into a separate company by July 2014.

Hirai told a news conference that he has no plan to sell the TV business right now but added that by eventually spinning it off they are headed in the right direction.

"There are many possibilities, not just for our TV business," he said.

(Reporting by Sophie Knight; Writing by Dominic Lau; Editing by Shinichi Saoshiro)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Bitcoin

REUTERS SHOWCASE

Online Purge

Online Purge

China steps up purge of online porn amid wider censorship push  Full Article 

Game Apps

Game Apps

Apple, Google vie to offer exclusive game apps - WSJ  Full Article 

Sqare Inc Sale

Sqare Inc Sale

Mobile payment startup Square plans sale as losses widen - WSJ  Full Article 

No-hire Trial

No-hire Trial

Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage