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FEATURED VOXPOP shandog137
The perils of the Hype Train…
By shandog137
Posted on 03/09/15
The recent release of Evolve and The Order 1886 really got me to thinking about the disparity between the perspective of sales-driven publishers and the quality-driven purchases of consumers. The “Hype Train” is nothing new, but the way it is utilized has been creating far more...

GAMING NEWS

Sony Selling All of Its Shares in Square Enix

Posted on Wednesday, April 16 @ 05:30:00 Eastern by Alex_Osborn


Sony will be selling off all of its shares in Square Enix, the company has just announced.

The sale will take place within the next few days, as Sony has "come to an agreement with SMBC Nikko Securities Inc., one of Japan’s three largest brokerage firms, for the transfer of 9,520,000 shares they had in Square Enix," Siliconera reports.

The expected value of the transfer is approximately 4.8 billion yen, which is about $47 million. This will be added to Sony's first quarter profits of 2014. We'll know the full value of the sale tomorrow.

I wonder what sort of impact this might have on the future of Sony's relationship with Square Enix. After all, franchises like Final Fantasy and Kingdom Hearts have traditionally found their home on PlayStation hardware, but now will be coming to Xbox One as well.
Tags:   Sony
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