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

on April 17, 2014 3:09 AM

Sony Computer Entertainment just sent a press release announcing further details on the sale of all its Square Enix shares to SMBC Nikko Securities.

According to the press release, the sale price is approximately 15.3 billion yen, which translates to about just south of $150,000,000.

The press release also mentions that Sony will receive net cash proceeds from the sale on April 21st, 2014.

No further detail was provided, but that’s quite a nice lump of cash.

 /  Executive News Editor
Hailing from sunny (not as much as people think) Italy and long standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality) and MMORPGs are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans of the flight simulator genre on Earth.
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