Sony to sell off VAIO computer business

Confirming reports from earlier in the week, Sony has announced plans to sell off its VAIO computer division to a Japanese investment fund. Japan Industrial Partners (JIP) will take control of the operation for an undisclosed fee, and Sony will "cease planning, design and development of PC products." The deal is expected to be completed by the end of July, and JIP's new company will initially focus on selling computers in Japan; it plans to hire between 250 and 300 Sony employees for the venture. Sony is investing 5 percent of the new company's capital.

VAIO, a brand which has variously stood for Video Audio Integrated Operation and Visual Audio Intelligent Organizer, was introduced in 1996 with the PCV desktop line. Sony has expanded...

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