Sony has reached an agreement to sell its Vaio laptop business to an investment fund and spin off its TV business.
The Japanese electronics giant had been in talks with investment fund Japan Industrial Partners, according to earlier reports. That deal is now official, according to Sony.
Sony "has determined that concentrating its mobile product lineup on smartphones and tablets and transferring its PC business to a new company established by [Japan Industrial Partners] is the optimal solution," Sony said.
Sony, which plans to cut about 5,000 jobs as part of the sale, also revised its full … Read more