Sony agrees to sell Vaio PC unit to JIP
Sony has confirmed that it plans to sell its loss-making Vaio PC division to Tokyo-based mid-market buyout shop Japan Industrial Partners (JIP). Financial details have not been disclosed but previous estimates valued the deal at around JPY40-50 billion ($394-493 million).
According to a release, an agreement has been reached with a view to concluding the transaction by the end of March, subject to due diligence and further negotiations on terms. It will be one of the country's...
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