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Sony in talks to dispose of loss-making Vaio PC business -source
February 4, 2014 / 11:30 PM / 4 years ago

Sony in talks to dispose of loss-making Vaio PC business -source

TOKYO, Feb 5 (Reuters) - Sony Corp is in talks with investment fund Japan Industrial Partners to sell its loss-making Vaio personal computer division, a source familiar with the matter said on Wednesday.

A new company would be set up by Japan Industrial Partners to take over the Vaio brand’s operations in Japan, according to the plan under consideration, the source said. Financial details and stakeholdings in the new entity were still under discussion.

Sony is also considering a withdrawal from overseas PC markets among its options, the source added.

The Nikkei business daily reported that the Vaio PC unit would be sold for up to 50 billion yen ($493 million) and that Sony would retain only a small stake in the new company.

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