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Sony Corp sign definitive agreements for the sale of pc business


Friday, 2 May 2014 06:00am EDT 

Sony Corp:Sony and special purpose company to be invested by Japan Industrial Partners IV Investment Limited Partnership which is controlled and operated by JIP (SPC) have enters into definitive and legally-binding agreements.Regarding sale to SPC of Sony's PC business operated under VAIO brand.Pursuant to these agreements, Sony's PC business operated in Japan under VAIO brand and certain related assets will be transferred to SPC.Parties are targeting July 1, 2014 for completion of Sale.