Sony is moving their Electronics Products & Solutions business into a new Sony Electronics Corporation
Sony announced that is moving their electronics business, that includes Imaging, Home Entertainment, and Mobile, into a new Sony Electronics Corporation (as a result of the latest push by Daniel Loeb?):
Tokyo, Japan -- Sony Corporation ("Sony") today announced that it will establish an intermediate holding company "Sony Electronics Corporation" effective April 1st, 2020. Sony Electronics Corporation will incorporate the three businesses that comprise its Electronics Products & Solutions ("EP&S") segment (Imaging Products & Solutions, Home Entertainment & Sound, and Mobile Communications) and related global sales and marketing, manufacturing, logistics, procurement and engineering platforms.
Through the establishment of Sony Electronics Corporation, Sony will not only accelerate the integrated operation of the EP&S businesses, but also aim to optimize its organizational structure, talent and business portfolio, while further enhancing competitiveness and creating new business.
Source: Sony
