How much of SE does sony own?

[FilaBrasileiro]

Kasz216 said:

FilaBrasileiro said:

naznatips said:
To put this topic to rest:

If 8% meant ANYTHING, then DQIX would not be on the Nintendo DS. Nor would the DS have 3X the development support of the PSP.

Because Sony voted PS3 development and the others voted DS? 8.6% is very significant in a company that big, I can only wish I had 8.6% voting power on a big company.

 

How do you vote with nonvoting stock? Unless they got voting rights in the merger? Which would make like... no sense.

As I recall the 20% they bought in square was non voting stock. Part of the deal, that was really just a cash flush for Square who was hurting after bad buisness decisions.

All sony could do is threaten to unload it all in one move hurting their short term stock prices.

All of the actual voting shares still are in the hands of the founders of Square and Enix.

You can have 48% of the stock and if it's all nonvoting you ain't got any say in anything. The stock sale was just a way for Sony to bail out square when they were in financial straights in return for short term game support.

 Humm as far as I know, very few companies sell voting and non voting stock, and besides, Sony bought 18 - 19% common shares of Square, which now is about 8.6% common shares of SE, common shares = voting share.