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The Wall Street Journal: Sony Entertainment CEO Michael Lynton stepping down to focus on Snap

Sony Corp.’s entertainment chief, Michael Lynton, is stepping down to devote his time to the chairmanship of the board of Snap Inc. ahead of its public stock offering planned for later this year.

Lynton, who along with his wife was one of the earliest investors in Snap, has been on the board of the technology firm best known for its messaging app Snapchat since 2013 and was quietly named its chairman late last year.

Long one of Snap CEO Evan Spiegel’s most trusted advisers, Lynton is expected to help the company to prepare for its IPO as well as help with its content and advertising strategies.

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