Locked: SONY sells its Square Enix shares

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JEMC

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JEMC on 16 April 2014

http://www.dualshockers.com/2014/04/16/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) in profits, 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.

Please excuse my bad English.

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Jizz_Beard_thePirate

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Jizz_Beard_thePirate on 16 April 2014

Late dudee
http://gamrconnect.vgchartz.com/thread.php?id=181770&page=1

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daredevil.shark

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daredevil.shark on 16 April 2014

Late.

JEMC

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JEMC on 16 April 2014

Jizz_Beard_thePirate said:
Late dudee
http://gamrconnect.vgchartz.com/thread.php?id=181770&page=1

Aww. My bad.

Please excuse my bad English.

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CleggaZ on 16 April 2014

good They need to raise as many funds as possible really.

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soulfly666

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soulfly666 on 16 April 2014

LMAO...but, but DRM is the future. HAHA

Carl

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Carl on 16 April 2014

Locking at OP request.