Sony Plans 100 Billion Yen Buyback

Bloomberg’s Yuji Nakamura reports on Sony’s first-ever large scale share buyback.(Source: Bloomberg)
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Sony Corp. is buying back as much as 100 billion yen ($910 million) of its own stock, the electronics maker’s first-ever large scale repurchase.

The shares rose 4.1 percent in Tokyo on Friday after the company announced the buyback, which starts Tuesday and will last through March 22.