Morgan Stanley is acting as the mediator for the dispute. We first heard the rumor about the current break up talks back in May.
http://www.bloomberg.com/news/2013-05-30/sony-said-to-work-with-morgan-stanley-citigroup-on-loeb-plan.html?source=email_rt_mc_body
Now it appears the break up talks are in full swing.
http://www.bloomberg.com/news/2014-02-09/sony-woes-seen-prelude-to-loeb-inspired-breakup-real-m-a.html
It's rumored that Amazon is going to buy Sony's entertainment division. This makes sense because they already offer PlayStation games on their storefront. They have also had a strong partnership with Sony for many years.
Fun Fact: Daniel Loeb of Third Point LLC was up until recently the biggest shareholder in Sony. His hedge fund was pushing for the Sony break up. When he saw Sony as a lost cause he wound up selling all of his shares except for a 1% holding as a F YOU to current Sony leadership.
EDIT/post merge current news article who can't comprehend how this is an ongoing decade long slide coming to an end
The long predicted bankruptcy and closure of Sony is finally underway.
Sony will now be de-listed from the Japanese Stock Exchange and will no longer have the support of the Japanese Government.
http://www.bloomberg.com/news/2014-07-28/sony-seen-as-reject-as-japan-jpx-index-cuts-losing-stocks.html
Now Sony is falling behind Samsung Electronics Co. and Apple Inc., posting losses in five of the past six years and predicting another one to come.
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