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Sony Sells PS3's Cell To Toshiba

October 18, 2007 in News comments 5

It is now official that Sony has sold some of their shares of Cell to the company Toshiba for $858 million. The reason for this is because Sony wants to refocus and concentrate more on it's core business.

Your thoughts?

Engadget, had earlier reported on the rumour that Sony were to sell it’s share of CELL, of which was denied. Today it’s became more clear that Sony is to sell it’s share of CELL to Toshiba in a deal worth some $858 Million - According to an anonymous Sony Official.
ITANI via engadget.com »
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  • 7
    Existenz Oct 18, 07
    Nice move, make some money selling certain shares, gets Toshiba in on the business too along with IBM while Sony still keep a grass roots cut of the shares... Its a very sensible business move from where i am standing, they can focus on the PS3 and their other electronics while still owning a certain stake in a hardware technology that will boom in years to come.
    • 1
      VeGiTAX2 Oct 18, 07
      Production cost is the mother of all problems for these companies, in this case they're cutting off some of their woes and focusing on trying to ramp up software. It's a smart move honestly, they've cut costs everywhere else by lobbing off 2 of their models and much of their BC focus.
  • 0
    Guugley Oct 18, 07
    $858 Million! Woah. I suppose Existenz is right in all that he says, not much more to add. With the recent news of PS3 price cuts they'll be making a lot of profit now.
  • 0
    Coi Cki Oct 18, 07
    Existenz is right, i think. More money for Sony.
  • 0
    Sayyed Oct 19, 07
    They sold about 40% to toshiba while sony kept 60%. It was in another article.

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