Latest news with #SonyGroup
Yahoo
4 days ago
- Business
- Yahoo
Sony looking to divest cellular chipset division
Sony Group is evaluating the potential sale of its cellular chipset business, Sony Semiconductor Israel, reported Reuters, citing three sources. This divestment is part of the company's strategy to focus on its entertainment operations. The Japanese conglomerate is collaborating with investment bankers to explore the sale, which is still in its preliminary phase, the sources indicated. The division, previously known as Altair Semiconductor, generates approximately $80m in annual recurring revenue and could be valued at around $300m in a potential transaction, they added. The business, which supplies cellular chipsets for connected devices such as wearables, smart meters, and home appliances, is expected to draw interest from both financial investors and companies within the semiconductor sector, the sources told Reuters. Sony declined to comment, and the sources spoke on condition of anonymity as the discussions are not public, the report noted. Sony acquired the Israel-based unit in 2016 for $212m. The company has increasingly prioritised its entertainment divisions, including games, movies, and music, which accounted for over 60% of its profit last year. As part of its portfolio restructuring, Sony is also preparing for a partial spinoff and direct listing of its financial services arm later this year. In April 2025, Bloomberg also reported that Sony is considering spinning off its semiconductor unit, potentially making Sony Semiconductor Solutions an independent entity this year. The spinoff would involve distributing most of Sony's chip business holdings to shareholders while retaining a minority stake. "Sony looking to divest cellular chipset division" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
5 days ago
- Business
Sony to Acquire 2.5 Pct Stake in Bandai Namco
News from Japan Jul 25, 2025 13:55 (JST) Tokyo, July 25 (Jiji Press)--Japanese technology conglomerate Sony Group Corp. has struck an alliance deal with Bandai Namco Holdings Inc. to acquire a 2.5 pct stake in Bandai Namco to capitalize on anime and manga assets held by the game and toy group. Under the deal, announced Thursday, Sony Group will purchase 16 million outstanding Bandai Namco shares from existing owners for some 68 billion yen. The capital tie-up focuses particularly on creating and distributing video content based on anime-related intellectual properties held by Bandai Namco. But the two companies will also work on experiential entertainment and fresh property development. Bandai Namco has a wide range of intellectual assets, from the Mobile Suit Gundam anime series to the "Tamagotchi" handy digital pet-raising gadget. Sony Group, for its part, is strengthening game and anime operations, which currently include Aniplex Inc., a Tokyo-based anime studio known for the "Demon Slayer" series. This year, the group also became the largest shareholder in major publisher Kadokawa Corp. with abundant intellectual properties. [Copyright The Jiji Press, Ltd.] Jiji Press
Yahoo
5 days ago
- Entertainment
- Yahoo
Sony Pays $464M For Stake In ‘Pac-Man' Owner Bandai Namco
Sony Corp. has taken a small stake in Tekken and Pac-Man games giant Bandai Namco, as part of a strategic business alliance. Japan-based Sony paid 68 billion yen ($464M) for a 2.5% stake in its compatriot company, which is also the owner of the Soulcalibur, Elden Ring and Dark Rings franchises. More from Deadline Sony Pictures Television Leaning Into Creator Economy With Hire Of Digital Boss Matt Ford Sky New Zealand Buys Local Warner Bros Discovery Channels For 60 Cents 'Demon Slayer: Infinity Castle' Debut Smashes Japan Box Office Records The strategic alliance resulting from the investment will see the two companies seek to tap further into the booming global market for Japanese content and anime franchises. They will 'focus on expanding the fan community for IP such as anime and manga around the world and strengthening engagement, particularly in the anime field where rapid market growth is anticipated,' according to a statement. In an even more corporate-sounding statement, Toshimoto Mitomo, Chief Strategy Officer, Representative Corporate Executive Officer, Sony Group Corporation, said: 'The Bandai Namco Group promotes an 'IP axis strategy' that aims to maximize IP value by leveraging the appeal and worldview of IP, providing the optimal products and services at the optimal timing in the optimal regions. 'We are filled with excitement about the potential to create new entertainment by combining Sony Group's strengths and technological capabilities across various entertainment fields with Bandai Namco's IP axis strategy. Through this collaboration, we aim to connect with IP fans worldwide, co-create the future together, and realize our purpose, 'Fun for All into the Future,' and mid- to long-term vision, 'Connect with Fans.'' The announcement makes no reference to the likes of Pac-Man and Elder Scrolls, but with the likes of Fallout, The Last of Us and Twisted Metal all cutting through as TV shows in recent years, it will be interesting to see how this develops. We've reached out to Sony for of Deadline 2025 TV Cancellations: Photo Gallery Everything We Know About Season 3 Of 'Euphoria' So Far 'Wednesday' Season 2: Everything We Know About The Cast, Premiere Date & More Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Nikkei Asia
6 days ago
- Business
- Nikkei Asia
Sony Group to take 2.5% stake in 'Gundam' owner Bandai Namco
Sony Group said it will take a stake in Bandai Namco Holdings. Sony has been actively increasing its investments in companies with strong intellectual property. Nikkei staff writers TOKYO -- Sony Group announced on Thursday that it will acquire a 2.5% stake in Bandai Namco Holdings, which owns intellectual property such as the "Gundam" franchise, for approximately 68 billion yen ($470 million). Sony possessed no Bandai stock as of March 31, according to its securities report.
Time of India
6 days ago
- Business
- Time of India
Sony explores sale of cellular chipsets business
By Milana Vinn NEW YORK: Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices , as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The Japanese technology and entertainment conglomerate is working with investment bankers on the sale of Sony Semiconductor Israel , which is currently in the early stages, the sources said. It generates about $80 million in annual recurring revenue and is expected to be valued at close to $300 million in any deal, the sources said. The business is expected to attract interest from financial sponsors and semiconductor industry players, added the sources. Sony declined to comment. The sources requested anonymity as the matter is not public. Formerly called Altair Semiconductor, Sony Semiconductor Israel provides cellular chipsets for connected devices such as wearables, smart meters, and home appliances. Sony acquired the business in 2016 for $212 million. Sony has been increasing its focus on games, movies, and music, with more than 60% of its profit coming from entertainment last year. As part of its portfolio reshaping, Sony is preparing for a partial spinoff and direct listing of its financial services arm later this year. A leading maker of image sensors, Sony said in April it is considering options for its chips division, including bringing in investment partners or adopting a fab-light strategy.
