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Forums - Sony - Sony to Sell former Tokyo Headquarters: Report

When I read that article the image of the Titanic breaking into two pieces entered my mind :P. Sony needs to raise cash to pay off its debts and restructure the company and this is part of the plan I guess.



 

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Devil_Survivor said:
When I read that article the image of the Titanic breaking into two pieces entered my mind :P. Sony needs to raise cash to pay off its debts and restructure the company and this is part of the plan I guess.

As i said in the other thread, im going to be optimistic and say at least theyre trying to do something now.  Its unfortunate that it has come to this but its also needed.




       

They have to use something for the severance packages.



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kowenicki said:

They cant simply use this cash as working capital, they have to start to remove debt too otherwise their balance sheet will look ugly. (uglier)


Itll at least help in the short run.  Of course there is still some longterm problems that needs to be dealt with, its at least a start.




       

Sony needs to get rid of TV business ASAP. They really need to restructure. A small functioning company is better than a struggling big corporation.



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Can we ignore facts like this and keep saying the same thing about Nintendo? It would make me feel a lot better.



kowenicki said:

They cant simply use this cash as working capital, they have to start to remove debt too otherwise their balance sheet will look ugly. (uglier)


Yeah.



Are they planning to keep renting the building after it is sold? Or downsizing to another building. Article didn't say. If they plan to just rent it wouldn't that turn out to be less profitable over a period of time? Although right now sony doesn't have much choice.



As I always said, Sony has lots of buildings out there, waiting to be sold. They will be fine.



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