SONY IFA 2012Sony Corporation has confirmed today that they will sell the VAIO division to a Japanese investment fund, Japan Industrial Partners for an undisclosed fee.

According to the press release, Sony PC and TV businesses failed to reach a high level of profitability and this was one of the main reasons behind this decision. In other words Sony hopes to reform its PC and TV business and this move will also affect 5,000 employees.

Sony claims that that they decide to sell VAIO brand after seeing “the drastic changes in the global PC industry”. They expect to close the deal with Japan Industrial Partners(JIP) by the end of March 2014. JIP will reevaluate VAIO lineup and will first focus on selling VAIO-branded computers in Japan.

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