Sony Vaio sale no panacea for troubled company

Sony's sale of its Vaio PC business to Japan Industrial Partners is a step in the right direction but it is no quick fix for the troubled company.

Sony confirmed on Thursday that it is selling its loss-making Vaio PC business to buyout firm Japan Industrial Partners JIP, a move analysts described as a step in the right direction as the Japanese electronics giant strives to get back to profitability.

Although the terms of the sale to JIP, which is backed by Bain and Mizuho Securities, were not disclosed, the news that Sony is exiting the PC business was welcomed by analysts. 

Globally, there are about 300 million units of PC sales, said one tech sector analyst at an investment bank, who declined to be named. Sony has about 1% of that...

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