The Sony Garage Sale Continues – Old Tokyo HQ now on the Market
Over the past year Sony has sold off their PC division, their US headquarters, and they’ve abandoned most of their retail stores in the US (and in other countries) but that hasn’t been enough to stem their negative finances.
The WSJ is reporting today that Sony is looking to sell their old headquarters building in central Tokyo. Sony is selling their old HQ as part of a general cost-cutting effort that also includes cutting about 1,000 jobs in the U.S. and Mexico, amidst global cuts of 5,000. Sony occupied the building, which is now a home for several other businesses, from 1990 to 2007.
And now it can be yours for the low, low price of $148 million. That’s far less than what Sony got when they sold their Madison Ave property last year. That sale netted Sony $1.1 billion and the sale of one of their main Tokyo buildings generated another $1.1 billion.
image via AFP