Sony Falls After Report Board to Reject Entertainment Unit IPO

Sony Falls After Report Board to Reject Entertainment Unit IPO

Tomohiro Ohsumi/Bloomberg

Receptionists work at the Sony Corp. headquarters in Tokyo. Sony’s shares have more than doubled this year in Tokyo, propelled by investor optimism that Chief Executive Kazuo Hirai is making progress turning around the maker of Xperia phones, PlayStation video-game consoles and Bravia TVs.