Sony is selling their former Tokyo headquarters
Sony Corporation is continuing to shed assets. On top of shutting down most of their U.S. retail stores, Sony is going to sell their former headquarters in central Tokyo. Sony’s credit rating was cut to junk status by Moody’s. Last year, Sony sold its Madison Avenue headquarters for $1.1 billion and a Tokyo building for another $1.1 billion. Sony will make $146.5 million through the sale. Sony moved into the building in 1947, which is a year after the company moved in.