Sony To Exit PC Business By Selling VAIO

TechCrunch

Sony will sell off its lackluster PC division and focus on spinning off its TV business into a standalone entity by June. The company’s announcement confirms a report yesterday that Japan Industrial Partners planned to purchase the VAIO brand. The amount of the deal was not disclosed, but Nikkei reported that it may be up to 50 billion yen ($490 million).

The deal will be finalized by the end of March. Sony said it will cut 5,000 jobs worldwide by the end of this fiscal year, but the new PC company plans to hire about 250 to 500 Sony employees and continue to fill aftercare warranties. Sony will initially invest 5% of the new company’s capital to support its launch.

The sale of VAIO isn’t a big surprise, as Sony’s PC business has long underperformed its other divisions. Indeed, when Kazuo Hirai took over as president and CEO of Sony…

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