Sony Group is considering spinning off its insurance and online banking unit, responding to longstanding calls from some investors to focus on its core entertainment businesses.
The partial spinoff would include a listing of the financial business, which was worth more than $8 billion when Sony delisted it in 2020.
Sony stock rose 6.4% Thursday as investors welcomed the plan, as well as a share buyback of about $1.45 billion that was announced Wednesday.
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