Asia
Sony Weighs Chip Spinoff That Dan Loeb Called for Years Ago
A silicon wafer for Sony Group Corp. image sensors.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Sony Group Corp. is considering spinning off its semiconductor unit, a deal to streamline the PlayStation maker’s structure that could value the business at as much as ¥7 trillion ($49 billion).
The spinoff and listing of Sony Semiconductor Solutions Corp. may occur as soon as this year, according to people familiar with the matter, asking not to be named discussing a private deal. Sony is considering distributing the bulk of its holding in the chip business to shareholders, and may retain a minority holding after the spinoff, one of the people said.