High Definition News & Informative ArticlesGet the Latest High Definition News & Informative Articles Here! Please post newsworthy information here only! This forum is NOT for your first post. Thank you!
In giant "garage sale", Japan's TV giants hawk $3 billion of assets
In giant "garage sale", Japan's TV giants hawk $3 billion of assets
Quote:
TOKYO (Reuters) - Panasonic Corp, Japan's struggling maker of Viera brand TVs, owns more than 10 million square meters of office and factory space, dormitories for its workers and sports facilities for its rugby, baseball and women's athletics teams.
As it battles for Christmas shoppers' wallets in the year-end holiday season, the sprawling electronics conglomerate is also seeking buyers for some of those properties to trim its fixed costs and improve cashflow at a time of intense competition, particularly from South Korean rivals such as Samsung Electronics Co.
Japan's other troubled TV makers, Sony Corp and Sharp Corp, are also selling buildings and businesses in a giant 'garage sale' that could raise a combined $3 billion.
12-10-2012, 06:39 AM
In giant "garage sale", Japan's TV giants hawk $3 billion of assets
