Sony Corporation Selling Square Enix Shares for 4.8 Billion Yen

SCE sells off more than 9.5 million shares in Final Fantasy developer/publisher.

Posted By | On 16th, Apr. 2014 Under News


square_enix

According to Siliconera, Sony Corporation will be selling off 9,520,000 shares that it owns in Japanese publisher Square Enix for 4.8 billion yen. This comes to roughly $47 million and will added to Q1 2014 profits for the former. The shares are being transferred in agreement with SMBC Nikko Securities Inc., one of the biggest Japanese brokerage firms.

This isn’t really a sign of tragedy or anything – companies sell shares all the time and judging by Square Enix’s current trajectory with the success of Final Fantasy XIV: A Realm Reborn. Final Fantasy XV and Kingdom Hearts III are the biggest games to look out for, especially given their popularity in Japan (Famitsu currently has both rated as the most wanted games in Japan). It will be interesting to see what SCE does what the additional profits.

What are your thoughts on Sony selling its shares of Square Enix off? Let us know your thoughts in the comments below.

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  • Kevin Kirby

    Sony is flat BROKE they are closing studios loosing IP’s and now selling all their stocks. LOL not even POS4 can save them

    • You are flat out wrong

      Klueless Kev strikes again.

      Can’t wait until Elop sells the Xbox division and drop kicks you into the landfill of history.

    • Stephen Perry

      Except that Elop can’t since that’s not his department.

    • You are flat out wrong

      Elop’s in charge of devices. He’s directly about Sphincter.

    • Stephen Perry

      Even if Elop would be ready to sell off the Xbox division, the Board of Directors would have the final say in the long run. If the Board didn’t want Xbox staying part of Microsoft, they would have forced a sale years ago.

    • You are flat out wrong

      The shareholders will force their hand.

    • Stephen Perry

      We’ll see.

    • Xtreme Derp

      Dumb as rocks WRONG imbecile fanboy.


 

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