Browsing Tag

Sony to Sell U.S. Office

Sony to Sell U.S. Office to Chetrit Group for $1.1 Billion

Sony Corp. (6758)’s U.S. unit said it agreed to sell its 37-story New York headquarters to investors led by the Chetrit Group for $1.1 billion. The shares surged the most in more than four years. Sony said it expects the sale of 550 Madison Ave. to generate net cash proceeds of about $770 million after repaying debt tied to the building and other…
Read More...