Sony sells New York HQ for $1.1 billion, up 19% in 2 days

[Train wreck]

Soleron said:

aikohualda said:
wait... are the employees will be transfer somewhere else? did people just lost their jobs there too?

It will be rented back to them. This will cost them more over the long-term, but they need the cash now.

The official agreement is for 3 years, after that they have new leasing terms.  They can agree to them or move to something more affordable.