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Sony to merge its phone, camera and home entertainment businesses

By Cookie Monster - on 28 Mar 2020, 9:55am

Sony to merge its phone, camera and home entertainment businesses

The Sony Xperia 1 II. <br>Image source: Sony

Sony just announced that it will establish an intermediate holding company to incorporate three of its businesses. 

In its news release, Sony states that Mobile Communications, Home Entertainment & Sound, and Imaging Products & Solutions will be merged into Sony Electronics Corporation effective 1st April.

The merger will help Sony accelerate the integrated operation of the Electronics Products & Solutions businesses. It will also optimises the organizational structure, talent and business portfolio to enhance competitiveness and creating new businesses. 

Source: Sony