Sony to Receive 150 Million Dollars from Sale of its Square Enix Shares

[Barenziah]

sales2099 said:

Somini said:

kowenicki said:
Hmmm. Basic lack of accounting understanding here.

Just $47m of that is profit.

Over $100m of it is the return of their OWN original investment.

So the profit gain that will show on the accounts next FY is $47m dollars. The rest is a balance sheet swap of an investment to cash.

$47m is a welcome windfall, but kinda tiny in the grand scheme of things for a company of this size.

47M in the plus is not bad news when your company is bleeding money. It's steps like this that will make them post big profits in a couple of years. It's the plan at least.

In a way I am jealous. I am jealous that a corporation is willing to sell their assets just to afford their fans the continued privilege to brag on the internet.

Offcourse that isn't their concern but a nice side-bonus for fans regardless.

i agree it is a delicious bonus playstation is outselling xbox in america who would have thought it after the 360 sales,sony being in massive debt too