Sony Corp. is in talks to sell its Japanese personal computer business to buyout firm Japan Industrial Partners Inc., according to a source with knowledge of the situation.

A memorandum of understanding for a sale, which will include the Vaio brand, could be released soon, the source said, asking not to be identified before a public announcement.

Sony may announce a wider restructuring that includes job cuts as it considers what to do with its PC operations in the rest of the world, the source said.