Sony sells all of its Square Enix stock
PostPosted:Wed Apr 16, 2014 8:07 am
Interesting development. I wonder if this will impact Square's business strategy going forward? Square was a second party of Sony from the releases of Super Mario RPG and Treasure Hunter G in 1996 until around the time of its merger with Enix in 2003; although since then it has been a very strong supporter of Nintendo's handhelds - releasing numerous remakes and original games.
http://www.gamesindustry.biz/articles/2 ... enix-stock
There is no reason from Sony for the sale, but Sony has been on life support recently, selling off billions of dollars in assets at strategic times to keep itself in the black. I am guessing they have not seen much value in their Square Enix investment lately considering that their sway seems to have been minimal in the company over the last 10 years, and Square Enix shares are not bringing in much money anymore; I don't know. It could just be a simple "we need this $47,000,000" in order to stay in the black.
http://www.gamesindustry.biz/articles/2 ... enix-stock
There is no reason from Sony for the sale, but Sony has been on life support recently, selling off billions of dollars in assets at strategic times to keep itself in the black. I am guessing they have not seen much value in their Square Enix investment lately considering that their sway seems to have been minimal in the company over the last 10 years, and Square Enix shares are not bringing in much money anymore; I don't know. It could just be a simple "we need this $47,000,000" in order to stay in the black.
