17 April 2014

Sony to Sell All of Its Square Enix Shares


It has been announced that Sony Corporation would be selling all their Square Enix Holdings Co., LTD. shares in later days.

An agreement was sealed between Sony Computer Entertainment Inc., Sony's fully owned subsidiary, and SMBC Nikko Securities Inc., which happened to be one of Japan's largest brokerage firms, for the transfer of 9,520,000 shares of Square Enix.

The transfer is expected to be around 4.8 billion yen (roughly $47 million) of profits.



Via OrendsRange | Siliconera

4 comments:

  1. I'd put odds on Disney picking up the bulk of them

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  2. i hope not then their games would be much much worse.

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  3. Why would they sell? It seems foolish to me

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  4. I am con fused as well, I thought sony and square profited much from each other

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