Sony Unloads Holdings in Square Enix

April 16, 2014 - GamePolitics Staff

Sony Computer Entertainment announced this morning that it has sold all of its holdings - its entire 9,520,000 shares - in Square Enix to SMBC Nikko Securities. An income of nearly 4.8bn yen will be marked down in Sony's financial report for the year ending 31st March 2015, with the exact sale price of the shares to be revealed tomorrow. Sony's annual financial report for the year ending March 31, 2014 will be released on May 14 and will likely contain a forecast for the year ahead that will include the sale of the shares.

Sony did not say why it finally decided to sell its holdings in Square Enix.

Sony and Square Enix have had a long-standing relationship, with Square Enix's most popular franchise - Final Fantasy - serving as a mainstay on various Sony console platforms. There was even a time when Square Enix's most popular franchise was a Sony system exclusive...

Those days have long since passed, what with the company brining its games to the Xbox 360 and Nintendo's various platforms...

Source: Eurogamer


 
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