07:38 AM EDT, 03/23/2026 (MT Newswires) -- Sony ( SONY ) is closing in on a deal to sell a majority shareholding in its home entertainment unit to China's TCL Electronics in a $1 billion deal, Bloomberg reported Monday, citing people familiar with the matter.

Negotiations between the parties are at an advanced stage, and they aim to announce the deal as soon as this month, the report said.

Sony ( SONY ) and TCL did not immediately respond to MT Newswires' requests for comment.

Sony ( SONY ) shares were up 2.5% in Monday's premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)