TOKYO (Reuters) - Sony Corp said on Wednesday that it would sell six percent of shares in its consolidated subsidiary M3 Inc, and as a result post a 115 billion yen ($1.23 billion) operating profit for the year through March 2013.
Sony said in statement that the sale of shares in M3, a marketing company, was part of a rebalancing of its business portfolio and assets.
($1 = 93.52 Japanese yen)
(Reporting by Shinichi Saoshiro; Editing by Ron Popeski)
Katie Pavlich - Latest Clinton Email Server Dump Reveals 150 More Documents Flagged For Classified Information
'Her defense is incompetence'? Team Hillary's email excuse digs deeper hole
Scarborough: Cable news has put lives at risk, including MSNBC, for “a few ratings points” - Hot Air
Father of Murder Victim Will Campaign For Gun Control, After He Buys One - Bearing Arms - Anti-Gun Hysteria
Doctors Will Be the Scapegoats in the Coming Obamacare Disaster | Human Events
The Beginning of the End | RedState
Political Calculations - What Is Your U.S. Income Percentile Ranking?