Quantcast
Sony to sell its U.S. headquarters for $1.1 billion - Destructoid

DestructoidJapanatorTomopopFlixist



Sony to sell its U.S. headquarters for $1.1 billion


2:30 PM on 01.18.2013
Sony to sell its U.S. headquarters for $1.1 billion photo



Sony's New York City HQ was put up for sale and already has a buyer, The Chetrit Group, which will pay $1.1 billion for the property. That got them a prime Madison Avenue address with over 800,00 square feet of office space. 

Why sell? Sony isn't doing so hot lately, with less money in the bank than they're used to, so now they're scrambling to get back in the black. Dumping their fancy digs will take advantage of rising New York real estate values, says Bloomberg, giving them some $770 million in cash, and boosting their operating income by $685 million.

Where will they move? They're not sure yet, but it'll likely be somewhere in Manhattan.

I wonder what'll happen to that cool Sony store and PlayStation experience (shown above) located there.






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.








Win your choice of console from Destructoid! in Destructoid's Hangs on LockerDome

Money

8:00 AM on 07.23.2014
Disney Infinity gets Guardians of the Galaxy toys

Remember all of yesterday's pricey new Disney Infinity toys destined to strip underpaid parents of hard won monies this holiday? There are more, naturally. To coincide with the Guardians of the Galaxy film, th...more



1:00 PM on 07.18.2014
Google will stop calling games with in-app purchases 'free' in Europe

As part of its investigation into unwanted in-app purchases, often by children, the European Commission has laid out guidelines for developers and the app stores themselves to follow. By the end of September, Google will...more



8:00 PM on 07.17.2014
Luigi's death glare moves 885,000 US Mario Kart copies

C'mon, you're going to tell me that's not what's doing it? What, is it that Mario Kart 8 is fun? That it's familiar? That it's a Mario Kart game? Nope. All Luigi, baby. That's what you get in 2 anno Luigi. No matter the ...more



View all Money






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more