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BUSINESS
June 24, 2002 | From Bloomberg News
General Electric Co. dropped out of the race to buy Sony Corp.'s life insurance arm after talks foundered, officials at the Japanese firm said. The failure opens the way for Dutch insurer Aegon and Prudential Financial Inc. of the U.S. to buy a stake in a company Sony values at as much as $6.4 billion, the officials said. The winner would get a sales network of 4,500 agents in the world's biggest life insurance market. Sony Chairman Nobuyuki Idei wants to sell Sony Life Insurance Co.
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BUSINESS
June 24, 2002 | From Bloomberg News
General Electric Co. dropped out of the race to buy Sony Corp.'s life insurance arm after talks foundered, officials at the Japanese firm said. The failure opens the way for Dutch insurer Aegon and Prudential Financial Inc. of the U.S. to buy a stake in a company Sony values at as much as $6.4 billion, the officials said. The winner would get a sales network of 4,500 agents in the world's biggest life insurance market. Sony Chairman Nobuyuki Idei wants to sell Sony Life Insurance Co.
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BUSINESS
September 23, 1998 | From Times Wire Services
Maybe they'll call it the Trademan. Sony Corp., the company that brought the world the Walkman stereo, said Tuesday that it is considering a foray into the online stock brokerage business. The giant consumer electronics maker says it's in talks with U.S. broker Charles Schwab & Co. and others to enter the online brokerage business in Japan. "We're currently considering how to enter the business the Sony way," said Masayoshi Morimoto, corporate senior vice president at Sony.
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