[TOKYO] Sony is to shutter its ebook Reader Store in Europe and Australia following a similar pullout in North America, the company has said, as the once-mighty electronics giant pulls in its horns.
The move comes on the heels of the sale of its struggling PC business and as Sony looks to plug gaping holes in its balance sheet.
Users of the company's tablets and smartphones will be transferred by next month to the Kobo e-book system operated by Tokyo-based online mall Rakuten, the company said in a statement issued Thursday.
Reader Store will shut down on June 16 in Europe and Australia, while it will continue operating in Japan, it said.
businesstimes.com
The move comes on the heels of the sale of its struggling PC business and as Sony looks to plug gaping holes in its balance sheet.
Users of the company's tablets and smartphones will be transferred by next month to the Kobo e-book system operated by Tokyo-based online mall Rakuten, the company said in a statement issued Thursday.
Reader Store will shut down on June 16 in Europe and Australia, while it will continue operating in Japan, it said.
businesstimes.com
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