Sony to book $437 million from DeNA sale

PlayStation maker to sell entire stake in social-game website operator as part of effort to "strengthen corporate structure."

 

Sony announced today that it will sell its entire stake in social-game website operator DeNA.

By selling its 17.7 million shares in the company, Sony will book a gain of ¥40.9 billion ($437 million). The sale will be finalized on Thursday.

This sale was part of a Sony effort to transform its business portfolio and reorganize assets in a move to "strengthen its corporate structure."

Also part of this effort were two recent office building sales. Sony last week sold a Tokyo office for $1.2 billion and in January sold its New York City headquarters for $1.1 billion.

Read and Post Comments | Get the full article at GameSpot


"Sony to book $437 million from DeNA sale" was posted by Eddie Makuch on Mon, 04 Mar 2013 06:52:15 -0800
Filed under: Video Games

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