Business, Hardware, VR World

Sony Rumored to Be Selling Their VAIO PC Division

On Tuesday, rumors started popping up on the Internet that Sony Corp was selling its money-losing PC business to an investment fund and will focus on smartphones, according to a Japan-based report. Sony Corp stocks advanced the most in more than eight months in US trading after the Nikkei newspaper reported the company is in talks to sell its personal-computer business to Japan Industrial Partners (JIP), a Tokyo-based private equity firm specializing in business restructuring. On February 3, Sony denied a Nikkei report that it was discussing creating a venture for the PC unit with Lenovo Group. The new entity would continue to sell PCs