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Sony (SNE +12.2% in Tokyo) has agreed to sell its 37-story U.S. HQ in New York City for $1.1B to...

Sony (SNE +12.2% in Tokyo) has agreed to sell its 37-story U.S. HQ in New York City for $1.1B to a consortium led by real-estate developer The Chetrit Group. Sony will receive net proceeds of $770M after repaying debt and other costs. The sale comes as the company looks to recover from a record loss last year, and it also reportedly wants to sell a $1.1B building in central Tokyo.
Comments (1)
  • KariSkovgaard
    , contributor
    Comments (11) | Send Message
     
    This saddens me a bit, as I hold Sony in high regard. Alas, even mighty companies are immune from the pains of financial loss.
    18 Jan 2013, 05:59 PM Reply Like
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