Sony is selling its New York HQ, then re-renting it

18 January, 2013
The NY building is Sony's US headquarters. It has been sold for the amount of $1.1 billion.

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  • D
  • AnonD-2552
  • U{k
  • 20 Jan 2013

Sony and Motorola are my favourite brands and I want them to be on top in the mobile industry.... Hope 2013 will be a great year for them...

    • O
    • Oncom
    • Ki8
    • 20 Jan 2013

    This is not about bankruptcy but cash flow management.

      • y
      • yosogo
      • IWb
      • 20 Jan 2013

      sales and leaseback deal.. sony must had facing a financial difficulty since their opt to take this option

        • D
        • AnonD-77318
        • 6{1
        • 20 Jan 2013

        Sony is still strong and far away from bankruptcy.

          • T
          • TMach
          • sXM
          • 19 Jan 2013

          Passenger , 19 Jan 2013That's mean they get ready run away ;)By the way, you can run away from a freehold interest because you own it! With a lease it means you have a contract with the freeholder so running away is not an option.....jeez some people on here are so uninformed their ignorance is shocking!

            • D
            • AnonD-94651
            • P@@
            • 19 Jan 2013

            Loving the business strategy and excited for more innovations!

              • ?
              • Anonymous
              • gD7
              • 19 Jan 2013

              AnonD-55345, 19 Jan 2013What Samsung showcased during CES 2013 is the developments ... moreNo, exynos in performance is placed below A6x. It is a field with a very rapid pace...snapdragons(future) won't be far behind neither!!!

                • C
                • Chopsticks
                • mxF
                • 19 Jan 2013

                First Nokia then Sony. This reeks of a company in financial soapy, hope the new Z and ZL are big sellers for Sony and get them back on track.

                  • J
                  • Jeff!
                  • PhW
                  • 19 Jan 2013

                  So expensive! Omg!! MY dreams is buy it! hehehe

                    • D
                    • AnonD-68194
                    • U@Q
                    • 19 Jan 2013

                    AnonD-60230, 19 Jan 2013Yeah.. Actually it is capital gain for them... And as per c... moreExactly !

                      • D
                      • AnonD-39775
                      • 0Cb
                      • 19 Jan 2013

                      Anonymous, 19 Jan 2013If you brag about not reinvesting your money then you reall... moreliving your life as you wish is the biggest goal of everyone, living free of work is the biggest joy. invest in what? real estate is the best business anywhere,anytime. hahahaha

                        • D
                        • AnonD-60230
                        • bJ6
                        • 19 Jan 2013

                        AnonD-68194, 19 Jan 2013I see nothing wrong in Sony's decision as it will bring muc... moreYeah.. Actually it is capital gain for them... And as per cash flow statement it should be considered as a income from investing activity! But not operating at all!

                          • D
                          • AnonD-68194
                          • U@S
                          • 19 Jan 2013

                          I see nothing wrong in Sony's decision as it will bring much needed fund for them without raising further debts!
                          One thing which I cannot understand that how can they treat the profit on sales as operating revenue? When they are not generating it in the normal course of business! It will inflate the profits and mislead the investors! As per Indian Accounting Standards it should be treated as other income and not clubbed with operating revenue! May be they have different set of rules in Japan!

                            • ?
                            • Anonymous
                            • j@}
                            • 19 Jan 2013

                            [deleted post]If you brag about not reinvesting your money then you really aren't in any position to call others stupid.

                              • P
                              • Posthc
                              • RY%
                              • 19 Jan 2013

                              I buy it .... i give 10$

                                • D
                                • AnonD-39775
                                • 0Cb
                                • 19 Jan 2013

                                AnonD-55345, 19 Jan 2013What Samsung showcased during CES 2013 is the developments ... morefirst flexible display was presented by sony long time ago and flexible display in general is useful only if all mobile's components are flexible too: mainboard, processors,acumulator. so it is soo stupid to put it on a hard structure of a mobile

                                  • M
                                  • Minh
                                  • tRV
                                  • 19 Jan 2013

                                  it's c'mon in this brand, but I hope that, sony will appear back in 2013 in the great way

                                    • D
                                    • AnonD-55345
                                    • n2K
                                    • 19 Jan 2013

                                    Anonymous, 18 Jan 2013And what samsung has to offer this year?What Samsung showcased during CES 2013 is the developments of many truly innovative mobile techs hardware. To name a few is the so-called Youm flexible display, the latest and probably the fastest Exynos 5250 processor and SSD's for servers to save 40% less energy consumption compared to current HHD's used as servers.

                                    You'll be surprise in the announcement of SGS4 six months from now with all top guns in it having the Exynos 5250 processor.

                                      • D
                                      • AnonD-60230
                                      • 7tx
                                      • 19 Jan 2013

                                      Are u guys serious?
                                      'sony is bankrupt' is such a lame statement to be made!
                                      Its a simple business strategy followed by many companies!!
                                      So whats the big deal?
                                      Sony is playing it in a smarter way!
                                      And please, sony is never ever gonna shut down! (atleast not before samsung) and they are on their way to rise again!
                                      Those corporates managing the company are smarter than u! So stop speaking rubbish

                                        • P
                                        • Passenger
                                        • TSM
                                        • 19 Jan 2013

                                        That's mean they get ready run away ;)