Sony Bids Adieu to Vaio PC Business

Sony has signed an agreement with Tokyo-based investment fund Japan Industrial Partners (JIP) to sell off its struggling PC business which will be tantamount to the disappearance of its Vaio PC unit from markets outside Japan at least for the time being.

Vaio, which Sony founded 17 years ago, will be initially sold in Japan only under a new firm which will be set up by JIP. Sony will have a 5 percent stake in the newly established company.

As part of a broader restructuring, although Sony is disposing off its Vaio, it will continue to make tablet computers.