
Japanese electronics giant Sony plans to sell one of its main buildings in Tokyo to finance its business restructuring effort, according to a report. Sony is realigning its operations as it looks to turn the page on a difficult few years, including selling off its chemical division, as it invests 50 billion yen ($572 million) in camera and medical equipment maker Olympus. The sale of the building, which was completed in March 2011, is part of an effort to raise cash for the restructuring, the Nikkei business daily said, without putting a figure on its value. However, based on real estate prices in Tokyo, it is expected to be more than enough to cover the cost of the Olympus investment. The 25-storey building with two levels underground is in Tokyo's Osaki district, which accommodates Sony's television division, the Nikkei said. About 5,000 people work in the building, it said. Sony is also considering selling its building in New York's Manhattan, the paper added. Shares in the company were 3.73 percent higher in late afternoon trade, at 970 yen.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor