Sony is selling building because it is in deep financial trouble. This is the same as when a body is starved it is literally forced into eating itself. Sony wanted to build an empire, not based on sound business strategy but out of sheer ego. They felt awesome buying up real estate in NY, owning a piece of Hollywood, while their core businesses were rotting fundamentally.
Had Japan not elected this PM who is hellbent on devaluing Yen, Sony was headed towards insolvency. Sony doesnt generate enough cashflow, nor does it have enough assets on the more liquid end of their balance sheet, that's why they are being forced into liquidating their real assets. Not to fund growth. But to fund restructuring, they want to make it sound like they have operational needs for this cash infusion, but more than likely, it's the monster sitting on the liability end of their balance sheet that grew out of control. Debt eats assets to help grow your equity, when you stop feeding it, it will eat your equity. Nom nom.
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