Shares in Sony jumped nearly 8 percent to a one-week high of 1,650 yen on Wednesday morning after news that it is in talks with Japan Industrial Partners to sell its loss-making Vaio personal computer business.
A new company would be set up by Japan Industrial Partners to take over the Vaio brand's operations in Japan, according to the plan under consideration, a source familiar with the matter said on Wednesday. Financial details and stakeholdings in the new entity were still being discussed.
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Sony is also considering a withdrawal from overseas PC markets, the source added.
Sales of traditional PCs are slowing as smartphones and tablets gain popularity. Worldwide PC shipments are forecast to total 278 million units in 2014, down 7 percent from 2013, according to research firm Gartner. Mobile phones are expected to dominate overall device shipments, with 1.9 billion mobile phones shipped in 2014, a 5 percent increase from 2013, Gartner said.
The Nikkei business daily reported that the Vaio PC unit would be sold for up to 50 billion yen ($493 million) and that Sony would retain only a small stake in the new company.
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