No wonder Sony Entertainment boss Michael Lynton is leaving. Tokyo’s Sony Corp. is listening to bank pitches about a potential sale of its film and TV operations, several sources told The Post.
“Every bank is pushing pitches,” said one person familiar with the process. Another confirmed that banks have paid a flurry of visits to Tokyo to advise on a sale of Sony’s film and TV business.
CBS CEO Leslie Moonves has long signaled interest in acquiring the asset, though several Chinese bidders could be in the wings.
A source said Sony hasn’t yet committed to a sale at this time, because the firm wants to see how Sony’s movies perform this summer.
“Every bank is pushing pitches,” said one person familiar with the process. Another confirmed that banks have paid a flurry of visits to Tokyo to advise on a sale of Sony’s film and TV business.
CBS CEO Leslie Moonves has long signaled interest in acquiring the asset, though several Chinese bidders could be in the wings.
A source said Sony hasn’t yet committed to a sale at this time, because the firm wants to see how Sony’s movies perform this summer.
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