Sony is looking to sell it's poorly performing VAIO PC business as well as spin off its Bravia HDTV line into a wholly owned subsidiary to adjust to their recent $ 1 billion annual loss. The company is also laying off 5,000 employees or around 3 per cent of their workforce.

Sony is currently the no. 3 TV manufacturer and is spearhead ingot he move to 4K models and content. The company has seen some recent success in its latest PlayStation 4 console. It's PC, camera and other electronic products have long been considered some of the better built, most innovative and premium products in their categories.

Source: San Jose Mercury News