Items tagged with osaka
These are interesting times for Sony. The company's great rise has given way to tougher times of late, with intense competition in everything from digital imaging, to gaming, to HDTVs. As these major corporations often do in times of contractions, Sony has announced that it has sold its Sony City Osaki office building and premises to Nippon Building Fund Inc. and a Japanese institutional investor. The sale was structured such that Sony placed the office building and premises in a trust and then sold the trust beneficiary rights. Sony and other Sony Group businesses will remain in the building for a period of five years after the sale under a lease agreement entered into separately. The price...
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