Sony in talks to sell Vaio Japan to fund
Exiting the loss-making computer business part of company restructuring
[TOKYO] Sony Corp is in talks with Japan Industrial Partners, a Japanese fund that buys up businesses that are being restructured, to take over the Vaio brand's operations in Japan, according to the plan under consideration, a source said yesterday.
Financial details and final stakes in the new entity were still being discussed, the source said. Sony is scheduled to report earnings for the October-December quarter today.
Sony Corp's plans to quit making personal computers after years of losses focus a spotlight on how it intends to fix a much bigger problem - a flagship TV division that has lost US$7.5 billion over the last 10 years.
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