Sony selling old Tokyo headquarters to dig out of financial hole

Sony looking to unload old headquarters in Tokyo to generate some fash cash.

@CharlesJGantt
Published Fri, Feb 28 2014 5:28 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Sony has been having a fire sale of sorts lately in an effort to make up for recent financial losses, and today a new report has surfaced that says the company is in talks with an unnamed buyer with the intent of selling off its old headquarters located in Tokyo. This is the same building where Sony's founders, Akio Morita and Masaru Ibuka worked on Walkman and Trinitron prototypes that made the company the electronics giant it is today.

Sony selling old Tokyo headquarters to dig out of financial hole | TweakTown.com

The sell could net sony about $145 million to add to the funds it earned last year from selling buildings in New York City and Osaka Japan, but the move is not popular with Tokyo locals who think that the company should remain in its birth city. This sell off comes just after the company sold its VAIO PC business just weeks ago, and the one thing we should all take from this is that Sony is hurting and this is most likely not the last part of its business we will see sold this year.

NEWS SOURCE:engadget.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles