mercredi 16 avril 2014

Sony to Sell its Shares in Square Enix

Sony has announced that it is selling all of the shares it currently holds in Square Enix.


Sony has owned around 9.5 million Square Enix shares for a decade, making it the publisher's third-largest shareholder - but it will now be selling them to a global firm called SMBC Nikko Securities.


According to the Wall Street Journal, the stock will book a Y4.8 billion (nearly US$47 million) one-off profit for the fiscal quarter ending in June; the exact price for which the shares sell will be revealed on Thursday.


The expected sale price is significantly lower than the Y16 billion (nearly US$157 million) that the shares are currently worth, according to their current market value.


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