Forums - Sony Discussion - Sony Computer Entertainment Sells All its Square Enix Shares for 4.8 Billion Yen

Nadwki

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Nadwki on 16 April 2014

Sony Computer Entertainment Sells All its Square Enix Shares for 4.8 Billion Yen

Sony Corporation just announced with a press release that Sony Computer Entertainment reached an agreement to sell all its 9,520,000 Square Enix shares to the financial firm SMBC Nikko Securities.

The sale is expected to net Sony about 4.8 billion yen (just south of 47 million dollars), even if the press release mentions that the final income from the sale will be released tomorrow.

The press release did not specify the reason behind the sale, but it’s possibly a move in live with earlier sales of assets aimed to consolidate the corporation’s overall financial situation.

http://www.dualshockers.com/2014/04/16/sony-computer-entertainment-sells-all-its-square-enix-shares-for-4-8-billion-yen/

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weaveworld

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weaveworld on 16 April 2014

So, what does this mean for us FF players?

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ToxicJosh

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ToxicJosh on 16 April 2014

FFXV XBone exclusive; confirmed

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HintHRO

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HintHRO on 16 April 2014

But Nintendo is still more doomed than Sony right? ...Guys? GUYS :(

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Nadwki

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Nadwki on 16 April 2014

ToxicJosh said:
FFXV XBone exclusive; confirmed

MS would love that one! :(

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Zekkyou

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Zekkyou on 16 April 2014

weaveworld said:
So, what does this mean for us FF players?

Probably nothing.

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mii-gamer

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mii-gamer on 16 April 2014

Sony is in the share selling business

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Zekkyou

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Zekkyou on 16 April 2014

HintHRO said:
But Nintendo is still more doomed than Sony right? ...Guys? GUYS :(

If they can't find a way to combat the rapidly shrinking handheld market, or re-establish their home console presence, then yes they are :P

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starcraft

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starcraft on 16 April 2014

I remember when they bought the shares and everyone was talking about impending Sony SE exclusivity

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NiKKoM

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NiKKoM on 16 April 2014

didn't they bought it for like 15 billion Yen?

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!)

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