Sony to Trim PC, TV Businesses Amid Restructuring
Sony today announced plans to restructure its business and divest some of its poorly performing units. Sony plans to sell its PC division to a group of Japanese investors, which will form a separate company and take over operations. Sony will retain a 5% stake in the new business. Sony will also split off its TV business into a separate company. Last, Sony plans to cut about 5,000 jobs, including some from the PC and TV businesses. The TV spin-off should be complete by July, but the job reductions won't be finalized until March 2015. Sony believes these moves will help shore up its PlayStation, content, imaging, and mobile device businesses, and save the company about $988 million per year.
Toshiba to Sell Image Sensor Business to Sony
Toshiba today said it will sell its camera chip unit to Sony as part of a bid to overhaul its finances. The deal is worth about $166 million, according to Reuters, and will shore up Sony's imaging business.
Sony to Spin Off Camera Sensor Unit
Sony today said it plans to split its imaging sensor business from the rest of the company. The move is meant to help the unit remain competitive against OmniVision and Samsung, its chief rivals.
Sony Still Weighing Sale of Smartphone Business
Sony today announced plans to spin off its audio and video business into a separate company. The unit will take the form of a wholly owned subsidiary of Sony.
Sony Scoops Up Altair, Merges Entertainment Businesses
Sony has agreed to purchase Altair Semiconductor for $212 million in a move meant to help shore up its chip business. Sony has invested heavily in building production capacity to meet demand for mobile components, such as smartphone camera sensors.
Sony Buys Image Sensor Corp, to Sell Publishing Unit
Sony is making more moves to reorganize its varied businesses, including the purchase of an image sensor company and the potential sale of its music-publishing business. First, the company has acquired Softkinetic Systems, based in Belgium, for an undisclosed sum.