TOKYO (Reuters) – Sony Corp <6758.T> will turn its financial arm, Sony Financial Holdings Inc <8729.T>, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Nikkei business daily reported.
The early-afternoon report send shares of Sony Financial Holdings up nearly 17% to 2,412 yen, while Sony Corp shares rose 3%. Sony was not immediately available to comment.
($1 = 107.4000 yen)
(Reporting by Makiko Yamazaki; Editing by Himani Sarkar)
