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Sony Corp. (6758) rose as much as 9.2 percent in the U.S after Japan’s Nikkei newspaper reported the company is “leaning toward” spinning off its entertainment
by Steko 13y ago
Sony Corp. (6758) rose as much as 9.2 percent in the U.S after Japan’s Nikkei newspaper reported the company is “leaning toward” spinning off its entertainment division.
http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-repor...
That was super hard (typing 'Sony' into Google News). If you're looking at stock prices by yourself and trying to draw your own conclusions you'll probably end up looking like an idiot.
- anywhichway 13y agoSony playstation division only makes up about 10% of Sony's overall revenues (7.2 billion out of 68 billion) so it doesn't make much sense that an announcement from just one of their competitors would have such a large impact on Sony's total valuation.
- rubinelli 13y agoCould a mod remove the editorializing from the title then, please? Considering how misleading it is?