Feeds

Sony to do what Apple can't: Remove its batteries - sources

Bankers keen to chop off energy arm and sell it

Bridging the IT gap between rising business demands and ageing tools

Sony is considering selling off its battery business, Sony Energy Devices, and at least three investment banks have offered to help.

Getting the biz on the market would help the stumbling entertainment giant to cut costs and give it some cash to put towards its restructuring, sources muttered in the general direction of Reuters.

The unit formerly known as Sony Eveready employs 2,700 people, and had sales last year of $1.74bn, but Sony said it wants to focus on gaming, digital imaging and new businesses such as medical devices.

To restructure and streamline, Sony will cut 10,000 staff from across its empire, close some of its facilities and offload units including its chemical business.

Anyone willing to purchase Sony Energy Devices is likely to be a foreign buyer since Japan's other top electronics firms are also struggling against a strong yen and a global disinterest in big-ticket gear. Lithium-ion batteries are increasingly popular, but competition is fierce and margins are low.

But the Japanese government may stall a sale to a foreign company; it usually prefers to broker deals between the nation's companies and banks to keep everything within its borders.

Sony said in April that it would consider "possible alliances" in the battery market, but hasn't said anything publicly about selling the energy business. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.