Sony has announced it will close 20 of its Sony Electronics stores across North America. Of the 5,000 employees being laid-off worldwide, it’s reported that 1,000 of those were employed at the stores being shuttered. Sony said 11 store locations will remain open, and the other closures were needed “to maintain its competitiveness in an […]
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Sony is looking for “at least one” new board director according to a report from The New York Post, the firm is apparently approaching several of it’s US-based media executives for the role.
Sony is reportedly in talks with Morgan Stanley and Citigroup regarding splitting its Entertainment and Electronics divisions.
Sony is discussing whether to split its entertainment business, which houses PlayStation, from its electronics division – a possibility which saw stock prices rise yesterday.
Daniel Loeb, CEO of Third Point, LLC, Sony’s largest investor which controls over $1.1 billion in shares, around 6.5%, wants the firm to split its Sony Entertainment business from Sony Electronics.
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