Sony to Close U.S. Stores, Sell Tokyo Headquarters
Sony this week announced plans to shutter two-thirds of its U.S. retail stores. It will keep several open, including its New York City flagship location. The move is being made as part of a cost-cutting measure. Along with the store closings, Sony plans to cut about 1,000 jobs in the U.S. and Mexico, amidst global cuts of 5,000. Last, Sony said that it plans to sell its old headquarters building in Tokyo. Sony used the building, which is now a home for several other businesses, from 1990 to 2007. The planned sale of its old headquarters follows Sony's sale last year of its Madison Avenue building in NYC for $1.1 billion. Sony announced several new devices at Mobile World Congress this week, including the Xperia Z2 and M2 smartphones, the Z2 tablet, and the SmartBand wearable.
Sony to Shutter Online Store August 28
Sony is telling visitors to its online web store that the site will cease taking orders and shut down on August 28. Sony's web store is one of just a handful of places to purchase its Xperia-branded smartphones in the U.S.
Verizon to Sell Sony's Xperia Z3v
Sony today announced that Verizon Wireless will sell the Xperia Z3 as the Xperia Z3v. Verizon said the two companies plan to work more together, not just with smartphones, but with other products.
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.
Verizon Backs Out of Commitment to Sell Sony Xperia Z4v
Verizon Wireless today said it no longer plans to sell the Sony Xperia Z4v. The company announced the phone in the spring with an expected summer launch.
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.