The shares Sony owned in Dena comes as a bonus from buying So-net, I thought they would keep it and try to boost ps mobile games, but they obviously don't see the need. They got what they wanted (So-net) and don't want to be personally vested in mobile games (outside of possibly providing a framework for developers). As a minority share owner they would have no say on where Dena could put their games so it seems like they decided with selling it and considering what they got for it, I don't blame them.
Had no idea they even had a stake in DeNa.
I wonder how much there Square Enix stake could get them
I totally forgot Sony had some Square Enix shares. I wonder if they earned or lost by now. SE is bigger at least, so maybe it's earned.
Last night it closed at Y1106, Sony holds 9.52 million shares (8.25%), selling at this price would yield ¥10.5B or ~$112.6 million, Sony paid ¥14.9B for (~$124million at the time) for those shares, so they would actually be losing money.
I've got $5000 to invest in the stock market, but I've never been involved before. I don't want to pay an investment advisor for advice since that amount is hardly worth their while. I see Sony getting a good boost this holiday with PS4...is this a "good" time to buy some of their stock? I'm also looking into Nintendo as well since they're pretty cheap now, and I can't see them going any lower.
Analyst are saying SNE's ADR is a buy under $15 dollars and a hold over $15. NTDOY is currently a hold. It's currently at $15.36. You can try to gamble and see or play it safe and talk to a financial analyst expert at your local bank, they will most likely coerce you to buy Mutual Funds or Bonds to you though.
Sony buying Square Enix confirmed! You heard it here first =p
Seriously tho.. why do they keep it?
If anything, Sony should probably increase their stake there.
I think Sony will definitely do something with those shares. What they will do with it, I do not know. Kaz, coming from games and being an ex president of SCEJ, knows that SCEJ is a worthless POS. He also knows that 8.25% doesn't do him any favors, much like 13% of Dena, he can't control where SE games go (DQ Nintendo exclusive, FF to 360) or where DLC goes (TR timed exclusive DLC on 360), so he might want to try to give SE a tender offer in order to increase their share there and have a controlling stake in the company and therefore control where their games go. Likewise, he might see that that's not worth it and decide to sell those shares and apply that money somewhere else.
Whatever it is, I don't think Kaz wants to sit idle with those shares. We do know that Kaz is making moves everywhere, both buying and selling. Nothing is safe from being liquidized, not even from the core components (Dena affects both gaming and mobile core, M3 sale affects medical core). Nothing is safe from being acquired, not even from non core components (EMI's music publishing, Indian TV program, etc).
Sony is far from doomed, but Sony-Ericsson was $1.5bln euros which is nowhere near 1 trillion yen. EMI was bought by Sony/ATV, not Sony and it was paid for by selling shares so Sony and MJ's stake in that venture was diluted to 38% each (from 50%). Even still it was not in the trillions of yen ($2.2bln)
Source? I know Sony/ATV led a consortium where they had about ~35-40% interest on it. I think they went in with over $500 million. I haven't read anywhere that their stake is down to 38% each. Apparently Sony can buy MJ's share of the venture at anytime for $250 million but they still haven't done it.
