Tokyo — Sony has said it intends to take full control of its finance unit for about ¥395.5-billion ($3.7bn), buying out one of its most lucrative businesses.

The electronics giant will offer ¥2,600 a share for the part of Sony Financial Holdings that it doesn’t already own, it said in a statement on Tuesday. That’s a premium of about 26% to Monday’s close. Shares in the finance unit surged 19% on Tuesday, while Sony itself gained more than 3%...

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