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FEATURED VOXPOP oblivion437
I Don't Want to, but I Have To...
By oblivion437
Posted on 10/20/14
Well, Gamergate has spilled over into the mainstream media and the coverage appears to be nearly uniformly dreadful. Take " What is Gamergate, and What Does It Say About Gender In Video Games? " by David Konnow as an example.  It appears that the writer has done little to no...

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.

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Tags:   Sony, ps3
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