Electronics giant Sony has announced that it agreed to sell its US headquarters in Manhattan, New York, as it looks to restructure its global operations after recording losses in four straight years.
The skyscraper at 550 Madison Avenue will be sold to a consortium led by New York-based Chetrit Group, for $1.1bn (£690m, €823m). After repaying debts on the property, the company will receive net proceeds of about $770m from the deal.
The Japanese company, which produces Bravia TVs and... (Continue Reading)
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