![Sony Closes Sale of Gracenote](https://cdrinfo.com/d7/system/files/styles/siteberty_image_770x484/private/default_images/rose-blue-flower-rose-blooms-67636.jpeg?itok=rLv6w570)
Sony Closes Sale of Gracenote
Sony has closed on the sale of all of the shares of Gracenote, Inc. to Tribune for $170 million, subject to customary post-closing adjustments.
Sony will record a gain within operating income of approximately $60 million during the fourth quarter of the fiscal year ending March 31, 2014 as a result of the sale.