|By JCN Newswire||
|December 24, 2013 03:27 AM EST||
Sony expects to record a gain within operating income of approximately $60 million at the completion of the sale, based on the above sale price, subject to standard adjustments. Sony included an anticipated gain from this sale in the forecast for the fiscal year ending March 31, 2014, which was announced on October 31, 2013.
Sony expects this sale to close prior to March 31, 2014 subject to receipt of certain regulatory approvals.
Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $79 billion for the fiscal year ended March 31, 2012. Sony Global Web Site: http://www.sony.net/
Sony Corporation Corporate Communications T: +81-3-6748-2200 E: firstname.lastname@example.org
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