Sony sells NYC headquarter to make some cash…


Image courtesy: Engadget.

As you know Sony CEO Kazuo Hirai is trying to restructure the company by focusing on profitable businesses. Engadget now reports that “Sony has announced that it has agreed to sell its New York headquarters building to a consortium led by The Chetrit Group. After settling its debts on the building, the $1.1 billion sale will net Sony about $685 million in operating income, potentially giving it the extra cashflow it needs to avoid a negative Q3 earnings report.

I repeat it again, all that doens’t affect Sony’s commitment on digital cameras. Actually quite the opposite is happening. Sony elevated the Imaging Business on the top priority list and a lot of development is ongoing. Goals are pretty high and I expect some major breakthrough tech to come in 2014 (as I have written in my previous post).