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FEATURED VOXPOP shandog137
Re-Masters - Next-Gen Backwards Compatibility?
By shandog137
Posted on 03/30/15
I am a PS3 owner and someday hope to be a PS4 owner, yet I am not at all dissatisfied with my choice to delay purchase, solely based on the current PS4 library. When I transitioned from a Playstation 1 to a Playstation 2, I was pleasantly surprised that I could for the most part rid myself of my PS1...

GAMING NEWS

Sony Selling U.S. Headquarters For $1.1 Billion

Posted on Friday, January 18 @ 08:56:05 Eastern by Alex_Osborn


Sony has agreed to sell its 37-story headquarters building in New York. According to Bloomberg, the building will be sold for for $1.1 billion to commercial property firm the Chetrit Group. This will bring in approximately $770 million for the company.

“Given the opportunities and challenges in the current economic and real estate landscape, selling 550 Madison now is a timely and logical strategic move,” said Nicole Seligman, President of Sony Corp. of America Nicole. Sony's New York employees will continue to work out of this location for up to three more years, while the company looks for a new place in Manhattan to lease.

Sony boss Kaz Hirai has made it his primary goal to get the company back on track to profitability, and this is certainly a step in the right direction. Sony is currently re-evaluating its financial forecast in light of the sale, and as of right now, they're anticipating $223 million in profit for the fiscal year.

[Via]
Tags:   Sony, ps3
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