Exclusive: Banks offer to help Sony offload battery unit – sources
TOKYO (Reuters) – Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said. Selling the unit, which employs 2,700 people and had sales last year of $1. 74 billion, would help Sony cut costs and generate cash as it restructures its operations, three people involved in the preliminary discussions told Reuters. . . .
View full post on Tech News Headlines – Yahoo! News
Leave a Reply