Japan wants Nissan-NEC venture to buy Sony unit
A Japanese state-backed fund wants a Nissan Motor Co Ltd and NEC Corp joint venture to buy Sony Corp’s lithium-ion battery unit to prevent rivals in China and Taiwan from getting its technology as the Tokyo TV maker looks to offload non-core businesses, the Daily Yomiuri said. The Bravia TV maker’s shares rose as much as 6.9% in Tokyo after the report. The company declined to comment. Sony’s CEO, Kazuo Hirai, speaking at the CES consumer electronics show in Las Vegas this month, said any unit not contributing to those core divisions or helping to end losses in televisions could be sold. The INCJ has offered to invest in any firm created by merging Sony’s battery division with the Nissan-NEC venture, the Yomiuri said.
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