Sony puts Tokyo Buildings on Sale for $1.2 Billion

Sony has put a one of its main buildings in central Tokyo up for sale in a deal that could raise as much as 100 billion yen $1.14 billion as the company seeks to sell non-core assets to generate cash to improve its balance sheet, people with direct knowledge of the deal said.

Sony is trying to sell the 25-storey Sony City Osaki building that houses 50,000 employees, most of whom are involved in making television sets and audio equipment.

The Sony employees will remain in the current location as the company will lease back the space from the future owner, one of the people said.

Read the rest of the story: Sony Puts Tokyo Building Up for Sale in $1.2 Billion Deal.

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