Sony Selling its 9.52 Million Shares in Square Enix
Sony Computer Entertainment has announced today that they will be selling all 9.52 million shares of Square Enix to SMBC Nikko Securities for roughly 4.8 billion yen (about $47 million USD). As Joystiq reports, Sony is the 3rd-largest shareholder in Square Enix with 8.2% equity.
The final sale price of the shares will be announced tomorrow, April 17th, with details about Sony’s financials, and likely information about this sale, to be revealed on May 14th.
Why do you think Sony decided to sell their shares? Let us know in the comments below.