iBankCoin
Joined Nov 11, 2007
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$SNE Sells its NYC Headquarters for $1.1 Billion to Help Its Cash Crunch

” Sony’s U.S. unit is selling its NYC headquarters to a group of investors led by Chetrit Group for $1.1 billion, the cash-strapped companyannounced today. Sony said it will use the proceeds to “undertake a range of initiatives to strengthen its financial foundation and business competitiveness and for future growth….”

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