Sony on Saturday dismissed a press report on a possible PC business alliance between the Japanese company and Lenovo. Sony and Chinese technology company Lenovo Group have beed in talks about a possible joint venture to take over Sony's Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday.

Sony called the report "inaccurate."

"Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate, the company said in a statement.

Sony plans to revise its product and manufacturing strategy for its Vaio unit.

Moody's Investors Service cut Sony's debt rating to junk status last week, highlighting challenges in its television and PC businesses.