Panasonic (PC), Sony (SNE) and Sharp (SHCAF.PK) are selling real estate, business units, their...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

Panasonic (PC), Sony (SNE) and Sharp (SHCAF.PK) are selling real estate, business units, their shares in other companies, and other assets in a "garage sale" that could bring in a combined $3B. Panasonic intends to raise $1.34B by the end of March and could continue the sell-off after that. The struggling Japanese companies own fixed assets of $42B while having a combined market cap of $24B.