Sony Group, a Japanese multinational holding, shifts its focus towards EntertaiNmenT -selectionOneD Discovering the sale of one of the technology units. According to three sources familiar with the issue, the company started to work with investment bankers to sell Sony Semiconductor Israel. his Specialized in devices connected with cellular chip sets.
Sony Semiconductor Israel Annual repetition income About 80 million dollars. Given its incredible benefit, the price to be sold is approximately $ 300 million.
Still discussionIons are in the early stages and remain hidden.
Sony plans to sell Sony Semiconductor Israel to start a new business strategy
Sony Semiconductor Israel’s potential sales caused controversy. Israel, known as the Altair Semiconductor, is expected to attract strong attention from major players and financial investors in the semiconductor industry if the agreement progresses.
The main game of the Israeli developer in the market is to create cellular chip sets for devices such as smart meters, domestic tools and wearable devices.
In 2016, Sony acquired the Israeli chipser, known as Altair Semiconductor for $ 212 million. Since then, the company has focused more on entertainment departments such as films, music and play, which made up about 60% of its total profit last year.
The Japanese technology giant plans a partial spinoff this year as part of a wider strategic change. The movement includes a direct list of the financial services section, which is an important step in the restructuring process.
In April, Sony announced that it has evaluated various options for semiconductor business, including bringing investment partners or adopting a fab light model if necessary. The company continues to be an important player in the global image sensor market.
Sony secures the first partial spin-off in Japan
Previously, Sony confirmed a spin-off expectations that investors have adopted as the newest stage of the company’s make-up, offering a growth plan for the financial branch.
The financial Spinoff reflects the curved journey of the Japanese company that has lasted less than four years since the holding acquired full business ownership in an agreement of $ 3.7 billion.
Sony executives have chosen an investor day as an excellent day to discuss the company’s growth strategy for the spin-offs and financial unit.
In the meantime, the company, banking and insurance operations Sony Financial Group, more than 80% of its shares, the shareholders of the shareholders in the same dividends announced their intention.
It should be noted that this is the first partial spin-off, which has greatly benefited from the tax change and has been the first direct list for more than twenty years planned on September 29th. A company sells the public shares directly without a typical initial public offering.
On the other hand, in the case of a spin-off, a separation will be realized that divides the financial records of non-financial enterprises aimed at using capital and assets efficiently by collecting capital. According to Sony, these investors are necessary to improve their understanding of their goals.
In addition to the above, Spin-off said that compared to a public offering, it would provide a large-bet distribution on a large scale under a short-term program with a low risk.
Hideki Somemiya, the main financial affairs of Resonac, a material company aimed at rotating the petrochemical unit within two years, has stated the benefits of a partial spin-off containing tax-exempt nature in accordance with Western practices and will allow large Japanese companies to end the conglomers discounts.
Within the scope of the new strategy, Sony will receive a share of approximately 20% as it operates using the brand through a license agreement through a license agreement.
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