Friday, January 18, 2013

Sony is selling its New York HQ, then re-renting it

Sony announced it really is selling its headquarters building, located on 550 Madison Avenue, New York. The sale price is $ 1.1 billion.
What is interesting is that below the conditions of the deal, which must go via some time in March, Sony's various companies will keep in the developing for an additional 3 years.
Immediately after repaying the debt associated to the developing and different other fees, Sony expects to net $ 685 million, which will be recorder as operating income. Nifty, we

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