Financial Times FT.com

Switch at top prompts takeover talk

By Francesco Guerrera in Hong Kong and David Ibison in Tokyo

Published: March 8 2005 02:00 | Last updated: March 8 2005 02:00

Sony's surprise decision to replace Nobuyuki Idei with Howard Stringer as chief executive has prompted investment bankers and rivals to consider a takeover of the world's second-largest consumer electronics group.

"Incredible though this may seem, these events put Sony in play. I am sure there will be plenty of people considering this over the next few days," said a senior Hong Kong-based investment banker yesterday.

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