Sony Corporation used to be consumer electronics powerhouse over all of their rivals. Today the company is struggling to compete against companies like Samsung and Apple. This has caused the company to assess their assets and determine which ones to keep. Sony has recently sold the Sony City Osaki building for 111.1 billion yen (around $1.2 billion).
The sale of the Osaki building follows up the previous sale of their NY headquarters. The company also recently moved their mobile headquarters from Sweden to Tokyo. The Osaki building was bought by a Japanese holding company that will lease the building back to Sony for at least five years.