Jump to content
Sign in to follow this  

Sony Computer Entertainment Has Sold All of Its Shares in Square Enix


Jason Clement

Sony Computer Entertainment has announced in a press release earlier today that it has entered into an agreement to sell all of its 9,250,000 shares in Square Enix to SMB Nikko Securities Inc.

 

While the reason for the sale was not announced, the press release did state that a gain of 4.8 billion yen would be recorded as "other income" in Sony's consolidated financial results in the fiscal year ending on March 31, 2015.

 

Because of this, it's likely that the sale was made to shore up Sony's financial situation for the year rather than it being a vote of no confidence in Square's future.

 

Source: Sony

Sign in to follow this  


User Feedback

Recommended Comments

There are no comments to display.



Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×