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Loss-saddled Sony to sell its 'birthplace' in Tokyo, say reports

Published on Feb 28, 2014 4:58 PM
 
A general view of the former headquarter's of the Sony corporation in Tokyo on Feb 28, 2014. Sony will sell properties at a prestigious Tokyo site where it had its headquarters for six decades, as the once-world beating firm struggles to improve its bottom line, reports said on Friday, Feb 28, 2014. -- PHOTO: AFP

TOKYO (AFP) - Sony will sell properties at a prestigious Tokyo site where it had its headquarters for six decades, as the once-world beating firm struggles to improve its bottom line, reports said on Friday.

The company is looking for a buyer for buildings that once served as the control tower for its sprawling operations, the Nikkei daily said, in a move that stands as neat signifier for the diminished fortunes of the consumer electronic giant.

The properties are in the Gotenyama area near Shinagawa railway station, where land prices have been on the rise recently.

The properties are expected to fetch around 15 billion yen (S$186 million), the economic paper said.

 
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