updated 06:30 pm EST, Tue February 4, 2014
Poorly performing division will allow Sony to focus on smartphones, tablets
Reportedly, Sony is in discussions to offload its personal computer business to investment fund Japan Industrial Partners. The deal, said to be worth up to 50 billion yen ($490 million) will likely cause Sony to declare a net loss for the first time in two years after disposal losses.
The Nikkei Daily first reported on the plan, after Sony denied reports that it was unloading the department with a sale to Lenovo. The PC division will be allegedly sold to a company spun off from the investment firm, with Sony taking a small stake.
The move will see most of the division's employees migrated to the new company, with the remainders transferred within Sony. Sony's Nagano Prefecture facility will likely continue to build the equipment sold by the new company.