Sony sells US headquarters for $1.1 billion

Quote :

Sony has agreed to sell its US headquarters for $1.1 billion, according to Bloomberg.

Real estate agent Cherit Group have dropped a megaton of money on the base that climbs 37-stories New York’s skyline. Sony expects the sale to regenerate $770 million in net cash after repaying debts; a positive sign after posting a record loss of £3.6 billion last year.

“Given the opportunities and challenges in the current economic and real estate landscape, selling 550 Madison now is a timely and logical strategic move,” commented Sony corp. of America president, Nicole Seligman.

“Regarding our new headquarters, we continue to look at a number of spaces in Manhattan but have not yet made a decision about where to lease.”

Source: VG247

The PS3 bombed so bad they had to sell their costly building.

poor sony. but it must be done.

Sony headquarters in manhattan. :face:

This is just like what Nokia did a few weeks back.

they should start selling comics

tahmidk wrote:

they should start selling comics

Imagine if Sony bought Image or Dark Horse comics!

yonny616 wrote:

tahmidk wrote:

they should start selling comics

Imagine if Sony bought Image or Dark Horse comics!

Stop it, you're making me wet. Imagine a spawn film done right or a game with same voices from the HBO series...

Omg an Invincible game or movie, my cock is literally fuming!

But then where would Walking.Dead air?

It could still air on AMC. Sony will more likely just want a cut of the money from DVD/Blu-Ray sales and all that other licensing shizz.