Tuesday February 04, 2014

Sony In Talks To Sell PC Business?

According to a new report, Sony is in talks to sell its PC business to a Japanese investment fund. The company denied earlier rumors of a sale to Lenovo.

Sony is in talks to unload its sluggish personal computer operations to investment fund Japan Industrial Partners, part of a business overhaul designed to shift focus to smartphones, The Nikkei learned Tuesday. Under the plan, the fund will establish a new company to which Sony will sell its entire PC business. The sale price is estimated at 40 billion yen to 50 billion yen ($391 million to $489 million).