Feeds

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

Bankers keen to chop off energy arm and sell it

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.