According to a report from Reuters today, Sony is currently in talks with Japanese investment fund Japan Industrial Partners for up to 50 billion yen ($490 million). The sale will help bandage the losses Sony is incurring from it's struggling VAIO business, but it will show as a net loss on the balance sheet still for the first time in 2 years for the year ending March 31.
Sony's PC business has been struggling for over 5 years, mainly due to the proliferation of smartphones and tablets. While Sony's design inspired line of VAIO PC's and laptops experienced modest consumer interest for a number of years, the line was never truly competitive in the marketplace, often due to design focused products that were often under powered and overpriced.
The sale of the PC business is actually a sound business decision for the electronics giant. After a dark period of teetering on the brink of bankruptcy, Sony has been making quite a splash in the last few years due to stellar products like the new Alpha camera entries, the runaway success of the market leading PlayStation 4, and their recently unveiled world class UHDTV's shown at CES this year. Selling off the struggling PC brand allows Sony to cast off one of the last dead weights to the companies bottom line and continue moving forward.