Sony is in talks to sell its personal computer business to a Japanese
investment fund as part of the electronics giant’s wider restructuring,
reports said on Wednesday.
The leading Nikkei business daily said Sony was looking to sell the
division to Japan Industrial Partners for between 40 billion yen and 50
billion yen.
The fund would set up a new company that will continue selling PCs
and laptops under the Vaio brand, in which Sony would retain a small
stake, the Nikkei and other local media reported.
Sony had just a 1.9% share of the global PC market in the first nine months of last year, according to the Nikkei.
A Sony spokesman said the reports were “not based on anything we have
announced so we decline to comment on them, but we are studying various
options for our PC business”.
The reports come after public broadcaster NHK said at the weekend
that Sony was in talks with Chinese computer giant Lenovo to set up a
joint venture for its overseas PC business.
That report added that Sony was doing a separate deal for its
domestic business with an investment fund at home. Sony, which reports
its latest financial results on Thursday, has called the NHK report
“inaccurate”.
Last week, Moody’s cut its credit rating on Sony to junk, saying the
once-dominant firm had more work to do in repairing its battered balance
sheet.
Japan’s embattled electronics industry, including Sony rivals
Panasonic and Sharp, has been undergoing painful restructuring to stem
years of huge losses, largely tied to the low-margin TV business.
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