Sony Corp (NYSE:SNE): Current Price $12.57
Sony Corp (NYSE:SNE) is negotiating to sell the building that housed its US headquarters in New York City to a consortium led by The Chetrit Group, a real estate developer, for $1.1 billion. Sony expects to receive $770 million from the sale after adjusting debt related to the building and transaction costs. The company is selling non-core assets in an effort to raise cash after it made losses during the last four years. It also hopes to realise about $1.14 billion from the sale of one of its main buildings in central Tokyo.