Tuesday, October 13, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Releases Cardboard SDK
Latest Windows 10 Build Integrates Skype Messaging, Adds New Features
Qualcomm Sells Vuforia AR Business to PTC For $65 million
HyperX Releases Cloud Mav Edition Headset
It's Official: Dell Acquires Data Storage Company EMC For About $67 Billion
Acer Showcases New Windows 10 Devices
MPAA Lists Piracy Sites in Around The World
ZTE Officially Launches New AXON Smartphones
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Sony To...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 28, 2012
Sony To Sell Its Chemical Products Businesses To Development Bank of Japan

Development Bank of Japan Inc. (DBJ) and Sony have entered into definitive agreements regarding Sony?s sale to DBJ of chemical products businesses operated by Sony Group including Sony Chemical & Information Device Corporation (SCID), a wholly-owned subsidiary of Sony.

SCID is engaged in the manufacture and sale of chemical products, including adhesive materials such as anisotropic conductive film, optical materials such as optical elasticity resin and magnetic devices. SCID also manufactures other non-chemical products sold by Sony, such as optical disk media, magnetic tape, laminate substrates, FeliCa cards and medical print media. The contemplated sale would cover domestic and overseas operations of Sony Group, including operations of SCID, relating to the manufacture and sale of chemical products.

Before the completion of the contemplated sale, Sony will first transfer certain of its chemical products-related businesses to SCID, while at the same time SCID will transfer its non-chemical related businesses, as well as a portion of SCID's assets, to Sony. Thereafter, a holding company fully funded by DBJ, will acquire from Sony all of the issued shares of SCID and a certain subsidiary in Sony Group engaged in the chemical products-related business, as well as licenses for certain Sony patents related to these businesses.

As a result of the contemplated sale, the new company that will result from the contemplated sale will further expand its businesses by leveraging the expertise in material development and process technologies currently owned by SCID, including those in the adhesive and optical materials sectors, and by fully utilizing the funds provided by DBJ, together with other supplementary resources that it will aim to secure. The new company also intends to introduce products that meet customers' needs by utilizing its network of manufacturing and sales bases in Japan and overseas, and increasing cost competiveness.

The consideration for the contemplated sale is expected to be 58.0 billion yen. DBJ and Sony aim to complete the sale in the fall of calendar 2012, subject to the receipt of any necessary government authorizations and approvals.

Sony is currently evaluating the impact of this transaction on its consolidated financial results forecast for the fiscal year ending March 31, 2013.

Nokia Updates Windows Asha Phones, Nokia Lumia 800 and 710        All News        NVIDIA WHQL GeForce Drivers For Windows 8 Released
Microsoft Google And Others Launch Program to Deploy Wireless Internet To More Places     General Computing News      Yahoo and Clear Channel Enter Content Distribution Agreement

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Acquires Softkinetic Systems To Expand Its Image Sensor Offerings
Sony Semiconductor Solutions Corporation Established
New Sony Software Upgrade, Rolls For Xperia M2 and Xperia M2 Aqua
Sony Brings Hi-Res Audio to the Car
Sony Adds Uncompressed 14-Bit RAW Still Image Capture for New α Cameras
Sony Launches The Ultra-sensitive a7S II Full-frame Camera
New Sony Bravia X9000C 4K TV Is Extremely Thin
Sony Unveils Its New Products at IFA 2015
Sony Launches Remote-speaker Hybrid
Sony to Offer Drone Services
Sony introduces next generation SmartBand 2
Sony's Midrange Xperia C5 Ultra and M5 Smartphones Come With Strong Cameras

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .