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Sony is selling its New York HQ, then re-renting it

18 January, 2013 | Read the news | Post your comment
Sony is selling its New York HQ, then re-renting it - read the full textSony announced it's selling its headquarters building, located on 550 Madison Avenue, New York. The sale price is $1.1 billion. What's interesting is that under the conditions of the deal, which should go through some time in March, Sony's various businesses will stay in the building for another...

 

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Sony and Motorola are my favourite brands and I want them to be on top in the mobile industry.... Hope 2013 will be a great year for them...

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  • 2013-01-20 07:01
  • U{k8

This is not about bankruptcy but cash flow management.

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  • 2013-01-20 04:55
  • Ki8f

sales and leaseback deal.. sony must had facing a financial difficulty since their opt to take this option

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  • 2013-01-20 04:51
  • IWbV

Sony is still strong and far away from bankruptcy.

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  • 2013-01-20 03:05
  • 6{1I

> In reply to Passenger @ 2013-01-19 11:27 from TSM4 - click to readBy the way, you can run away from a freehold interest because you own it! With a lease it means you have a contract with the freeholder so running away is not an option.....jeez some people on here are so uninformed their ignorance is shocking!

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  • 2013-01-19 23:41
  • sXM$

Loving the business strategy and excited for more innovations!

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  • 2013-01-19 22:07
  • P@@s

> In reply to box143 @ 2013-01-19 14:43 from n2Ks - click to readNo, exynos in performance is placed below A6x. It is a field with a very rapid pace...snapdragons(future) won't be far behind neither!!!

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  • 2013-01-19 21:00
  • gD7W

First Nokia then Sony. This reeks of a company in financial soapy, hope the new Z and ZL are big sellers for Sony and get them back on track.

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  • 2013-01-19 20:12
  • mxF{

So expensive! Omg!! MY dreams is buy it! hehehe

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  • 2013-01-19 19:52
  • PhWa

> In reply to M.G @ 2013-01-19 18:40 from bJ6g - click to readExactly !

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  • 2013-01-19 18:51
  • U@QI

> In reply to Anonymous @ 2013-01-19 17:51 from j@}2 - click to readliving your life as you wish is the biggest goal of everyone, living free of work is the biggest joy. invest in what? real estate is the best business anywhere,anytime. hahahaha

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  • 2013-01-19 18:43
  • 0Cb2

> In reply to Vasi.Khan @ 2013-01-19 18:28 from U@Se - click to readYeah.. Actually it is capital gain for them... And as per cash flow statement it should be considered as a income from investing activity! But not operating at all!

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  • 2013-01-19 18:40
  • bJ6g

I see nothing wrong in Sony's decision as it will bring much needed fund for them without raising further debts!
One thing which I cannot understand that how can they treat the profit on sales as operating revenue? When they are not generating it in the normal course of business! It will inflate the profits and mislead the investors! As per Indian Accounting Standards it should be treated as other income and not clubbed with operating revenue! May be they have different set of rules in Japan!

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  • 2013-01-19 18:28
  • U@Se

> In reply to [deleted post]If you brag about not reinvesting your money then you really aren't in any position to call others stupid.

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  • 2013-01-19 17:51
  • j@}2

I buy it .... i give 10$

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  • 2013-01-19 17:15
  • RY%b

> In reply to box143 @ 2013-01-19 14:43 from n2Ks - click to readfirst flexible display was presented by sony long time ago and flexible display in general is useful only if all mobile's components are flexible too: mainboard, processors,acumulator. so it is soo stupid to put it on a hard structure of a mobile

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  • 2013-01-19 16:03
  • 0Cb2

it's c'mon in this brand, but I hope that, sony will appear back in 2013 in the great way

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  • 2013-01-19 14:55
  • tRVg

> In reply to Anonymous @ 2013-01-18 21:25 from v0qx - click to readWhat Samsung showcased during CES 2013 is the developments of many truly innovative mobile techs hardware. To name a few is the so-called Youm flexible display, the latest and probably the fastest Exynos 5250 processor and SSD's for servers to save 40% less energy consumption compared to current HHD's used as servers.

You'll be surprise in the announcement of SGS4 six months from now with all top guns in it having the Exynos 5250 processor.

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  • 2013-01-19 14:43
  • n2Ks

Are u guys serious?
'sony is bankrupt' is such a lame statement to be made!
Its a simple business strategy followed by many companies!!
So whats the big deal?
Sony is playing it in a smarter way!
And please, sony is never ever gonna shut down! (atleast not before samsung) and they are on their way to rise again!
Those corporates managing the company are smarter than u! So stop speaking rubbish

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  • 2013-01-19 12:02
  • 7txG

That's mean they get ready run away ;)

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  • 2013-01-19 11:27
  • TSM4
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