Sony Sells VAIO Division, Restructures TV Business

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Sony has sold its PC business, operated under the VAIO brand, to Japanese investment fund Japan Industrial Partners (JIP), the company has announced

Sony will also spin off its TV business, which has been generating losses in the last couple of years, into a separate, wholly-owned subsidiary by July 2014.

In an announcement explaining the reasoning behind the move, Sony claims it has identified imaging, game and mobile as the three core businesses that will drive the company’s growth

On the other hand, the unprofitable PC and TV businesses needed a reform, and while Sony still thinks there’s money to be made in TVs by refocusing on high-end and 4K models, the PC business simply had to go Read more…

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