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FEATURED VOXPOP Kakulukia
Why Sunset Overdrive Can Go Suck A Lemon
By Kakulukia
Posted on 07/14/14
Yesterday, while cleaning up my media center, I found my copy of Ratchet & Clank: Into The Nexus, which I bought sometime before Christmas last year. I had been pretty excited about this game pre-release, what with it being the first "traditional", albeit shorter than usual,...

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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