Sony Computer Entertainment Sells All its Square Enix Shares: Expects a Profit of 4.8 Billion Yen

on April 16, 2014 5:14 AM

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.

 /  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.