Sony in talks to sell PC business to investment fund - Nikkei

Tue Feb 4, 2014 11:29pm IST

Logos of Sony Corp. are seen at an electronics store in Tokyo October 31, 2013. REUTERS/Toru Hanai/Files

Logos of Sony Corp. are seen at an electronics store in Tokyo October 31, 2013.

Credit: Reuters/Toru Hanai/Files

Related Topics

Stocks

   

REUTERS - Sony Corp (6758.T) is in talks to sell its poorly performing personal computer business to investment fund Japan Industrial Partners for up to 50 billion yen, the Nikkei daily reported.

Under the plan being discussed, 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, the Nikkei reported.

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.

Japanese broadcaster NHK reported on Saturday that Chinese technology company Lenovo Group (0992.HK) was in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas.

Sony said the NHK report was inaccurate but acknowledged that it was looking at various possibilities for Vaio. Lenovo declined to comment.

Sony has said it plans to revise the product and manufacturing strategy for the Vaio unit as smartphones and tablets chip away at it PC business.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Ted Kerr)

FILED UNDER:

Hack Attack

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Indian in Iraq

Indian in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage