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Earlier this week a few reports suggested that Sony was prepping to sell off its VAIO PC business. Sony made the news official this morning, when it said it will sell off the PC business to "concentrate mobile business on smartphones and tablets," while also restructuring its TV business to be more efficient.

Sony said it has entered an agreement with Japan Industrial Partners (JIP), which will take over the PC business, but it has not yet finalized terms of the deal. JIP is expected to continue selling consumer and business PCs after the transaction. About 250 to 300 of Sony's existing employees will make the transition over to JIP, though several reports have suggested about another 5,000 will lose their jobs.

Meanwhile, Sony will push out its spring 2014 VAIO computers but will stop development, design and planning of new products. "Sony customers will continue to receive aftercare customer services," the company confirmed.

The company's TV business will turn its focus to sales of high-end TVs, specifically in the 4K market. It will also focus on televisions for emerging markets and cutting costs. It says the business is not expected to be profitable until March 2015.

Sony said it hopes to finalize its sale to JIP by the end of next month. We will keep you in the loop if financial details are revealed.