New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2014
05:52 EDTSNESony, JIP sign memorandum of understanding for sale of PC business
Sony and Japan Industrial Partners announced that they have entered into a memorandum of understanding that confirms their intent for Sony to sell to JIP Sony's PC business currently operated under the VAIO brand. Sony and JIP are aiming to conclude definitive agreements by the end of March, following due diligence and negotiation of detailed terms and conditions of the sale. The parties' current intention is to sell Sony's PC business and certain related assets to a new company established by JIP, targeting July 1 for the completion of the sale. The terms and conditions of the sale and details of the new company's structure are subject to further discussion between the two parties. The new company will be established and operated with capital investment from and management support of JIP. Sony will initially invest 5% of the new company's capital to support its launch and facilitate a smooth business transition. Sony said it has determined that the "optimal solution is to concentrate its mobile product lineup on smartphones and tablets and to transfer its PC business to a new company established by JIP that will enable the continuation of the VAIO branded PC business."
News For SNE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 21, 2015
06:42 EDTSNESony establishes UK studio to work on Morpheus games, GameSpot reports
Subscribe for More Information
May 10, 2015
17:35 EDTSNEDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use