Sony to turn financial arm into wholly owned unit for $3.7 billion - Nikkei
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TOKYO (Reuters) - Sony Corp will turn its financial arm, Sony Financial Holdings Inc , into a wholly owned unit through a tender offer worth about 400 billion yen (3.05 billion pounds), the Nikkei business daily reported on Tuesday.The deal, to be completed this summer, will allow the Japanese electronics and entertainment giant to strengthen its presence in the fintech field to compete with global tech giants such as Alibaba Group Holding Ltd and Apple Inc , the newspaper said.Sony plans to..