dark        

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

0

Moving out

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.


You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Dale North
Dale NorthFormer Dtoid EIC   gamer profile

I am Destructoid's former Editor-In-Chief. I love corgis. I make music. more + disclosures


 



Filed under... #Money #PlayStation #Sony

READER COMMENTS LOADING BELOW...


LET'S KEEP THE COMMUNITY GREAT


You're not expected to always agree, but do please keep cool and never make it personal. Report harassment, spam, and hate speech to our community team. Also, on the right side of a comment you can flag nasty comments anonymously (we ban users dishing bad karma). For everything else, contact us!



 
 
 
 
spacer