Sony deny rumors of possible sale of Vaio to Lenovo

Jeremiah Yap – Fourth Estate Cooperative Writer

San Francisco, CA, United States (4E) – With its struggling PC business sales, rumors of Sony selling its Vaio brand have been rampant.

Its been reported that Chinese electronics maker Lenovo was in the running to form a joint venture with Sony’s Vaio. But Sony, in an official statement, denied that it would be partnering with Lenovo to help struggling Vaio sales.

“As Sony has announced previously, Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate,” Sony said in the statement.

Sony already stated that its PC business will report a lost in the fiscal year ending in March. To address the problem, Sony is planning to completely restructure its PC division.

While Vaio hasn’t been good business for Sony, Lenovo has posted profitable numbers with its PC business. About 80 percent of its revenue comes from PC sales.

Lenovo was involved in a big deal a few days ago with Google-owned Motorola. Lenovo acquired Motorola for $2.91 billion in cash and stock. But Google will still retain “vast majority of the Motorola patent portfolio.”

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