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Sony announces sale of Vaio business to investment fund
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Sony announces sale of Vaio business to investment fund
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7th February 2014, 07:17
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,553
 |  Sony announces sale of Vaio business to investment fund Well, it's official: Sony is going to sell its Vaio PC business—but despite the rumors, Lenovo won't be the buyer. According to the official press release posted earlier this morning, Japan Industrial Partners (JIP), a private investment fund, will purchase the Vaio business from Sony and spin it off into a new company. Sony says that it and JIP have "concluded a memorandum of understanding confirming [their] intent" for the sale to go through, and that the deal is expected to conclude by the end of next month. Once that happens, Sony will "cease planning, design and development of PC products," although manufacturing and sales will apparently continue until after the launch of the company's spring 2014 PC ... http://techreport.com/news/26011/son...nvestment-fund |
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