Sony Financial Arm Bent On an IPO

The Japanese electronics maker plans to spin off its insurance and banking entity. What will it do with the cash influx?

Americans have long been acquainted with Sony through its TVs, DVD players, and the once-ubiquitous Walkman. In Japan, though, the Sony (SNE) brand also extends to insurance and banking. Now the consumer-electronics and entertainment giant is gearing up to spin off that business in an initial public offering that could be one of the year's biggest.

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