5 Companies That Had A Rough Week

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Sony Exiting The PC Business

After years of struggling to be a player in the PC market, Sony this week said it's selling its Vaio PC division to Japan Industrial Partners (JIP) for an undisclosed amount and getting out of the PC business. The companies expect to wrap up the deal in March.

Sony cited "drastic changes in the global PC industry" for its decision. The company will cease all manufacturing, sales and product development following the global launch of the Vaio spring lineup. JIP, meanwhile, will form a new company around the Vaio business and focus on business and consumer PCs for the Japanese market.

Sony said it would continue to develop and market smartphones and tablet computers.

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