Sony unloads 'Sony City Osaka' building for $1.2 billion, will remain as lessee

In a bid to bolster its bottom line, Sony's been selling properties like a desperate monopoly player, and the latest space on the board to go is the Sony City Osaki building for 111.1 billion yen ($1.2 billion). That follows the sale of its NY headquarters for a similar sum, and the move of its mobile HQ from Sweden to Tokyo. The Osaki building has been purchased by a Japanese holding company who will lease the building back to Sony for a period of at least five years, which seems to be the trend for electronics companies lately. The Japanese conglomerate said all the property deals are being made to "transform its business portfolio and reorganize its assets." Translation? Sony needs the cash, natch.

Source: Sony

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By: Unknown On 11:39 PM

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US retailer pegs Nexus 7 dock release for January 10th, we remain wary

ASUS' official dock for the Nexus 7 has been an elusive beast, to put it mildly: Americans, at least, have had to sit tight for half a year if they weren't content with third-party hardware. We just might be reaching the end of that road, if B&H is right. The retailer is listing the audio-capable cradle as arriving January 10th for $40. The accessory could be tantalizingly close as a result, although we'll believe it when we're charging our tablets -- we've seen as many retailers take stabs in the dark on release dates as those that use real information, so we may still be left waiting in a week's time.

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Via: Phandroid

Source: B&H

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By: Dilusha On 11:45 PM

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Sony Network Entertainment prez Tim Schaaff retires, will remain on board of directors

SONY NETWORK ENTERTAINMENT PRESIDENT AND GROUP EXECUTIVE OF
SONY CORPORATION TIM SCHAAFF RETIRES;
REMAINS ON SNEI BOARD OF DIRECTORS AS EXTERNAL DIRECTOR
Sony Corporation Group Executive Andrew House Assumes Responsibilities
(Tokyo, November 8, 2012) - Sony Corporation today announced that Tim Schaaff, President of Sony Network Entertainment International (SNEI) and Group Executive of Sony Corporation, will retire as of December 31, 2012. Schaaff will remain on the SNEI board of directors as an external director.

By: Dilusha On 11:06 AM

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