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Sony CEO says no plan to immediately sell off TV unit
February 6, 2014 / 9:13 AM / 4 years ago

Sony CEO says no plan to immediately sell off TV unit

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.

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

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

Our Standards:The Thomson Reuters Trust Principles.
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