Sony Unveils Overhaul With PC Unit Sale, TV Unit Spinoff

Law360, New York (February 6, 2014, 11:28 AM EST) -- Sony Corp. on Thursday unveiled plans to hand its floundering personal computer business, valued around $490 million, to an investment fund and spin off its troubled TV unit, setting the stage for the electronics manufacturer's latest stab at a turnaround after several shaky years.

In the first prong of its plan, Sony will hand its Vaio-branded PC operations to investment fund Japan Industrial Partners Inc., confirming rumors that bubbled up earlier this week that the two were nearing a deal. The firms have yet to hammer...
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