Sony Corporation (SNE)Playstation Division merged.
Bloomberg - February 27, 2008
Submitted by felipedmoreira (378)
at 3:15AM PST on February 27, 2009
Sony said it will combine its VAIO personal-computer, Walkman and PlayStation businesses in the Networked Products & Services Group to focus on creating gadgets that can work with each other and connect to the Internet. Kazuo Hirai, who's in charge of the game business, will head the new division.
"Sony has gone into emergency mode", said Naoki Fujiwara, from Shinkin Asset Management Co."They have no time to waste and have to push even harder on their accelerator to speed up restructuring."