Tag Archives: restructuring

Sony has sold its Sony City Osaki office building in Tokyo for $1.2 billion (¥111 billion). As a result of the sale, Sony expects to realize a gain on the sale of approximately ¥41 billion ($445 million) to be recorded as operating income, during Q4 of the fiscal year ending March 31. The sale is part of the firms restructuring program and asset reorganization “in an effort to strengthen its corporate structure.” The firm sold its US office building last month for $1.1 billion. Thanks: Joystiq, Seeking Alpha.

THQ’s split its internal business into three units, each with a new boss.

Danny Bilson will head up “Core Games,” Doug Clemmer is to take on “Kids, Family and Casual Games” and Steve Dauterman gets “Online”.

International executive VP Ian Curran has been promoted to executive VP of global publishing.

There’s more on Edge.

According to this WSJ report, AMD will announce today a large-scale restructuring of its business that will see manufacturing moved outside the company into a JV.

The new venture, which will make chips for AMD and other companies, will take over facilities that include large AMD factories in Germany, with funding provided by investment entities associated with the government of Abu Dhabi.

Cheap chips for the win. More through there.