Sony sells 8.58% stake in Square Enix

Sony has announced it’s to sell its stake in Square Enix.

The sale of Sony’s 9.5 million shares in Square – that’s an 8.58% stake in the company – will be made to SMBC Nikko Securities for a fee of ¥4.8 billion (around £28 million/$47 million) and will be part of the company’s full-year financial results for the year ending March 31, 2015.

However, the sale will be mentioned for the company’s upcoming full-year report for the year ending March 31, 2014 when it’s published on May 14 as part of its forecast for FY2015.

The pricing of the shares will be announced tomorrow morning (April 17) Japanese Standard Time.


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Erren Van Duine As a self-professed Final Fantasy fan, Erren created Nova Crystallis in 2009 as a place to collect the latest information on her favorite series. As owner and Editor-in-Chief, she also spends her time as a freelance illustrator.

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