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Sony going to flog PC business to investment fund

by on05 February 2014

Vaio has $490 million price tag

Sony is in talks to sell its poorly performing personal computer business to investment fund Japan Industrial Partners for $490 million.

According to the Nikkei daily reported Sony would sell its PC business to a new company to be established by the fund and have a small stake in the new firm. 

There had been rumours that Sony was trying to flog the outfit to someone, it was just that the rumours focused on Lenovo, which turned out to be bogus. Sony said that report was inaccurate but acknowledged that it was looking at various possibilities for Vaio.

The sale of the PC business would result in disposal losses that would push Sony into a net loss for the first time in two years for the year ending March 31, the Nikkei said.

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