Sony Delays Sale of Its Battery Business to Murata by 3 Months, to Early July

Sony is delaying by three months the targeted closing date of the 17.5 billion yen ($153.2 million) sale of its battery business to Murata (see 1610310044), the company said in a Wednesday announcement. Murata and Sony “are continuing the necessary procedures” to complete the sale, but “in light of the current review status of the required regulatory approvals,” the new goal is to close the deal by early July, Sony said. “The rescheduled target closing date remains subject to the receipt of the required regulatory approvals and other conditions.”