Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 25, 2014
arrowPress Releases
October 25, 2014
PR Newswire
View All





If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Sony is selling $47 million worth of shares in Square Enix
Sony is selling $47 million worth of shares in Square Enix
April 16, 2014 | By Mike Rose

April 16, 2014 | By Mike Rose
Comments
    3 comments
More: Console/PC, Business/Marketing



Sony announced today that it plans to sell all of its shares in Square Enix Holdings, to the tune of 4.8 billion yen ($47 million).

As translated by Siliconera, Sony Computer Entertainment will transfer its 9,520,000 shares in Square Enix to SMBC Nikko Securities, one of Japan's largest brokerage firms, later this week.

Sony has held a partnership with Square Enix for many years now, which most recently saw the Final Fantasy XIV: A Realm Reborn MMO launch as a console exclusive on PlayStation platforms.

This sale will see Sony add $47 million to its 2014 fiscal year first quarter, building on its swing to profits from the recent successful PlayStation 4 launch.


Related Jobs

Digital Extremes
Digital Extremes — London, Ontario, Canada
[10.25.14]

Sound Designer
Disruptor Beam, Inc.
Disruptor Beam, Inc. — Framingham, Massachusetts, United States
[10.25.14]

Lead 3D Artist
Red 5 Studios
Red 5 Studios — Orange County, California, United States
[10.24.14]

Graphics Programmer
Red 5 Studios
Red 5 Studios — Orange County, California, United States
[10.24.14]

Gameplay Programmer










Comments


Kyle Kulyk
profile image
A little premature to say the total value of the sale is 4.8 billion yen, isn't it? According to Sony's press release, they're posting a gain of 4.8 billion yen and the final price will be revealed tomorrow. If they sold for 4.8 billion, that would be roughly a 66% discount to the market price. Does that seem right?

http://www.sony.net/SonyInfo/IR/news/20140416_E.pdf

Ardney Carter
profile image
Bwhahahaha. My boycott of Sony products is finally paying off!

:P

In all seriousness, I'm curious what prompted this move. SE has certainly seen a rough patch but they also had some recent indications that things may be turning around (FF14, Bravely Default, etc).

Michael O'Hair
profile image
Continued lack of vision.
http://www.gamesindustry.biz/articles/2012-11-07-square-enix-merg
er-a-complete-failure-says-former-square-boss

At some point, they (and others, such as Capcom) aimed to become the Japanese Activision by acquiring other houses in order to secure market dominance. But they forgot that they wanted to be the house with the most blockbusters, they needed more blockbuster games than anyone else. That isn't what's been happening, for a while now.


none
 
Comment: