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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
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.

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