If I were Sony...
- I would sell the TV division (use that money to pay debt)
- I would sell the camera-division (use that money to pay debt)
- I would sell the audio-stuff/ BluRay-players etc. (use that money to pay the debt)
- I would kill the Vita
- I would create a unique tablet for Windows 8
- I would keep investing in smartphones
- I would make Playstation / smartphone / tablet benefit each other
- I would make a deal with Samsung / LG that their TVs will be bundled with a PS4 at launch
- I would keep the movie studio and sell some parts of the music business.
- I would try to get a stand in the medical business
So Sony would get a lot of cash to pay some of the debts. They would have 3 product lines for consumers and that is it. Playstation, smartphone and tablet. They would have a real focus then. The other stuff is only for content (music / movies / games). Then I would try to expand Gaikai on Samsung, LG and Sharp Smart TVs. This should be included in their tablets, playstation and smartphone as well.
The medical business would be someting else and needs to grow sustainably and NOT rushed.
That would be a start.
Imagine not having GamePass on your console...