Sony Sells Off $437 Million in DeNA Stock
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themadlionsfan
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in IllGaming
This could be indicative of a renewed focus on Playstation products.
by Taylor Cocke MARCH 4, 2013
Capping off a tumultuous financial year, Sony has decided to sell off its shares in DeNA, the company that owns popular games portal and social network Mobage. Sony expects to gain $437 million (or 40.9 billion yen) from the sale. The shares were purchased by Japanese company Nomura Securities.
This could mark a decision by Sony to move away from mobile gaming, instead choosing to focus on the Playstation brand. Freeing up some money with this sort of sale would be a good way to go about that.
Sony revealed the PlayStation 4 last month. DeNA, meanwhile, has produced popular social games in Japan based on brands such as Final Fantasy and Infinity Blade.
by Taylor Cocke MARCH 4, 2013
Capping off a tumultuous financial year, Sony has decided to sell off its shares in DeNA, the company that owns popular games portal and social network Mobage. Sony expects to gain $437 million (or 40.9 billion yen) from the sale. The shares were purchased by Japanese company Nomura Securities.
This could mark a decision by Sony to move away from mobile gaming, instead choosing to focus on the Playstation brand. Freeing up some money with this sort of sale would be a good way to go about that.
Sony revealed the PlayStation 4 last month. DeNA, meanwhile, has produced popular social games in Japan based on brands such as Final Fantasy and Infinity Blade.