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Sony Corp (SON)

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Monday 03 February, 2014

Sony Corp

Sony Corporation of America Announces Closing o...

Sony Corporation of America Announces Closing on Sale of Gracenote, Inc.

Sony Corporation

Sony Corporation

Sony Corporation of America Announces Closing on Sale of Gracenote, Inc.

New York, February 3, 2014 – Sony Corporation of America, a wholly-owned subsidiary of Sony Corporation (“Sony”), today announced that it has closed on the sale of all of the shares of Gracenote, Inc., a wholly-owned subsidiary of Sony Corporation of America, to Tribune Company for $170 million, subject to customary post-closing adjustments. The sale was announced on December 23, 2013.

As previously announced, Sony will record a gain within operating income of approximately $60 million during the fourth quarter of the fiscal year ending March 31, 2014 as a result of the sale. Sony included an anticipated gain from this sale in the forecast for the fiscal year ending March 31, 2014, which was announced on October 31, 2013.


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