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Sony sells off its shares in Square Enix

Sony has sold off its shares in Square Enix, it's being reported this morning.

Siliconera notes that the Japan hardware giant will be selling all of its shares in Square Enix Holdings Co., Ltd. in the upcoming days.

"Sony Computer Entertainment Inc., a fully owned subsidiary of Sony, have come to an agreement with SMBC Nikko Securities Inc., one of Japan’s three largest brokerage firms, for the transfer of 9,520,000 shares they had in Square Enix," says the site.

"This transfer is expected to amount up to a total of about 4.8 billion yen (roughly $47 million) of additional profits for Sony’s first quarter of 2014."

What do you think of this news?

Edited On 16 Apr, 2014

( 2 )
Robichoico's avatar
Robichoico 3 years ago
Its that time of year again folks. Sony sell off assets/let people go so it looks like they've once again got a larger profit
PrometheusFan's avatar
PrometheusFan 3 years ago
Real vote of no confidence in Square-Enix that Sony considers a major stake in their company an expendable asset... hard to blame them though, SE has been in bad shape for years now. Haven't had a genuine major hit on par with even some of their mid tier PS2 sellers in years now.

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