Sony in Talks to Sell Loss-making Vaio PC business - Source
February 5, 2014 2:50 PM EST
Sony announced the VAIO E Series 14p on 10 April.
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 being discussed.
Sony is also considering a withdrawal from overseas PC markets, the source added.
Sales of traditional PCs are slowing as smartphones and tablets gain popularity. Worldwide PC shipments are forecast to total 278 million units in 2014, down 7 percent from 2013, according to research firm Gartner.
Mobile phones are expected to dominate overall device shipments, with 1.9 billion mobile phones shipped in 2014, a 5 percent increase from 2013, Gartner said.
The Nikkei business daily reported that the Vaio PC unit would be sold for up to 50 billion yen and that Sony would retain only a small stake in the new company.
The sale of the PC business would lead to disposal losses that would push Sony into a net loss for the first time in two years for the year ending March 31, the Nikkei said. The Japanese consumer electronic firm is due to report quarterly results on Thursday.
Japanese broadcaster NHK reported on Saturday that Chinese technology company Lenovo Group (0992.HK) was in talks about a possible joint venture to take over Sony's loss-making PC business overseas.
Most Popular Slideshows
- Taylor Swift Named Forbes' Second Highest Paid Country Musician [PHOTOS]
- Forever Lost: Indescribable Anguish for Malaysia Airlines MH17 Families, Remains of Some Victims May Never Be Found (PHOTOS)
- Global Aviation Accidents: UN to Form Safety Task Force, Gov'ts Should Share Intelligence Info to Avert Future Incidents on Flying Over Warzones (PHOTOS)
- Celebrities Suffering From Lupus: Facts About the Disease
Join the Conversation
- Man Swindles Apple for $309,768 in 16 States
- Texas Man Selling Condo With ‘Funniest and Most Revealing Ad’
- Toyota Tops World Sales of Cars, Sells Over 5K Million Vehicles in First Half of 2014
- Air New Zealand Pays $1000 to NZ9 Passengers After Three-Night Delay
- Tweens Fool Their Parents Online, McAfee Reports
- Transfer News: FC Barcelona, Man Utd to Compete for Juan Cuadrado's Signature as Fiorentina Reveal Willingness to Sell
- Hilary Duff's New Music Video Chasing the Sun Goes Viral on YouTube [WATCH VIDEO]
- LeBron James to Return to Miami, Face Heat on Christmas Day 2014
- Shanghai Stock Exchange Will Not Extend Trading Hours
- Qatar's Surging Real Estate Prices Won't Affect Thriving Economy – Report