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Sony shares hit two-year high on report of spin-off proposal

The logo of Sony Corp. is seen at an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai
The logo of Sony Corp. is seen at an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai

TOKYO (Reuters) - Shares of Sony Corp <6758.T> rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating a proposal from top shareholder Third Point LLC to spin off its movie and music business.

(Reporting by Dominic Lau; Editing by Paul Tait)

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