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[nbnt]

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), 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.

http://www.dualshockers.com/2014/04...l-its-square-enix-shares-for-4-8-billion-yen/

http://www.sony.co.jp/SonyInfo/IR/news/20140416.pdf

 

[Sephiroth_VII]

Not sure if this is a good idea. Sure, it's a lot of money, but they lose a lot of leeway with one of the last Japanese giants... Besides, for Sony, 47 million should be a drop in the bucket.

 

[Shao Kahn Brewing a Stew]

Good. They stopped getting special treatment last gen. Enix is a sinking ship and having Sony that's already sinking hold onto it sounds hilarious.

 

[Amir0x]

Sounds about right, definitely smart to sell.

 

[MickeyPhree]

http://m.neogaf.com/showthread.php?t=802965

 

[Sendou]

Well they need the money.

 

[Log4Girlz]

Sony just shot themselves in the foot

Edit

goddammit

 

[iavi]

Not sure if this is a good idea. Sure, it's a lot of money, but they lose a lot of leeway with one of the last Japanese giants... Besides, for Sony, 48 million should be a drop in the bucket.

It's not like holding on to those share got them any exclusive good-will last-gen.

 

[SolidSnakex]

Not sure if this is a good idea. Sure, it's a lot of money, but they lose a lot of leeway with one of the last Japanese giants... Besides, for Sony, 47 million should be a drop in the bucket.

Those shares didn't give Sony any influence over Square as far as their game releases go.

 

[JoeM86]

When's Sony's fiscal year report due? I can't help but think this is a reaction to that.

 

[Abriael]

When's Sony's fiscal year report due? I can't help but think this is a reaction to that.

May 14

 

[gundamkyoukai]

Shares were useless so it about time the got rid of them .

 

[iori9999]

Duplicate threads yo!!

 

[Sendou]

When's Sony's fiscal year report due? I can't help but think this is a reaction to that.

Well it's not like they can sell the shares just like that. They must have been preparing this for quite some time now. It's more of a reaction to the fact that Sony doesn't really have too much liquid assets and there is no reason for them to own SE stocks in 2014.

 

[Devilgunman]

$47M is not a lot of money, tbh.

Maybe time for Sony Corp to shrink into just Sony Entertainment will come soon.

 

[vareon]

That's too expensive, should've waited for Steam Summer Sale.

 

[Mikey Jr.]

Not sure if this is a good idea. Sure, it's a lot of money, but they lose a lot of leeway with one of the last Japanese giants... Besides, for Sony, 47 million should be a drop in the bucket.

What leeway? Ff is multiplat now. Shit, most of their games are multiplatform.

 

[Ninja Dom]

Not sure if this is a good idea. Sure, it's a lot of money, but they lose a lot of leeway with one of the last Japanese giants... Besides, for Sony, 47 million should be a drop in the bucket.

Drop in the bucket? Sony have been selling their offices & buildings in Japan to get more money. They're selling these shares cos they need the money and it seems like it's an easy sale.

I wonder if Square Enix would have liked to buy the shares back, or if any other video game company were interested in buying them.

 

[shakin_haitian]

Not sure if this is a good idea. Sure, it's a lot of money, but they lose a lot of leeway with one of the last Japanese giants... Besides, for Sony, 47 million should be a drop in the bucket.

Sony is collapsing. They're fighting hard to stay relevant as a major corporation.

 

[ZehDon]

Sony doing what's best for Sony. It's a good move, in my opinion. Square Enix's stock isn't exactly setting the world on fire.

 

[Y2Kev]

dupe