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    Sony Lists $9.5 Billion in Financial Group Shares in Shift Towards Entertainment

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    By JD Knapp

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    Sony Lists $9.5 Billion in Financial Group Shares in Shift Towards Entertainment

    Sony Group has listed about $9.5 billion shares’ worth of its financial business as it shifts its focus to gaming and other entertainment.

    Shares of Sony Financial Group were listed in Tokyo early Monday, ahead of a planned spinoff set to take effect on Wednesday, according to the Wall Street Journal.

    “It is significant that, through the spinoff, Sony [Financial Group] will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony CEO Hiroki Totoki previously said in May.

    More to come…

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