Tuesday, February 11, 2014
Sony is reportedly negotiating the terms of a deal to sell its Vaio PC unit to an investment fund called Japan Industrial Partners.
The news comes as the PC market continues to face poor results due to the rise of mobile, and Sony, stuck with a range of legacy products, scrambles to find its market advantage. The Nikkei report stated that the amount of the transaction could be up to 50 billion yen (US$490 million).
The potential deal under discussion, reportedly, would create a new company established by the fund that would own the business, and Sony would have a small stake in that company. According to Nikkei, the sale of the business would lead to disposal losses that could put Sony in a position of net loss for the first time in two years.
Sony, earlier this week, denied reports that it plans to sell Vaio to Chinese OEM Lenovo. The Japanese company, however, also acknowledged that it plans to revise its strategy for Vaio by looking at various options.
By: DocMemory
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