Feeds

Japanese investment company looks to snap off Sony's PC arm

A £302m deal looks Vaio-able this time...

Bridging the IT gap between rising business demands and ageing tools

Sony could be set to offload its Vaio PC business to investment fund Japan Industrial Partners after the firm refused to deny a report by local news service Nikkei that a ¥50 billon (£302m) deal is imminent.

The buyout firm would create a new company for Sony to sell its PC business to – for anywhere between ¥40-50bn. Under the putative plan Sony will apparently buy a small stake in the new firm, which will continue to sell Vaios and handle after-sales service.

It will also apparently keep operations in markets outside Japan where Vaio still has decent brand recognition, with many of the 1,000 employees Sony has working on PCs kept on either by the new company or transferred elsewhere within Sony.

The electronics giant’s Nagano facility may also be retained by the new company to house R&D and production, according to the report.

The latest rumours come just days after Sony was forced to quash speculation that the firm was in discussion about a sale to Lenovo.

At that time, Sony claimed “the press report on a possible PC business alliance between Sony and Lenovo is inaccurate”.

However, its response to the Nikkei story has been more ambiguous, leading many to speculate that this time there may be substance to the rumours.

The firm had this to say:

Sony has made no announcement in this regard. As Sony has announced previously, Sony continues to address various options for the PC business, but Sony has no further comments.

Japan Industrial Partners has already been busy this year, agreeing a deal with NEC last month to buy its BigLobe ISP business.

Under the terms of that deal, the buyout firm set up a "special purpose company" specifically for BigLobe, in a similar way to that being suggested in the Nikkei report. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

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 ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
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
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.