- MS Ships 1.1 Million Xbox Consoles
- Battlefield Hardline Delayed to 2015
- Dragon Age Inquisition Delayed to November
- Assassin's Creed Unity Experience Trailer
- Gearbox Promises Borderlands 3 Will Happen
- Facebook Officially Owns Oculus Rift
- Riot Games Clearing Out Toxic League of Legends Players
- No Plans for Spec Ops: The Line Sequel
- REVIEW: The Wolf Among Us
- Halo Composer Triumphs in Legal Battle Against Bungie
- Mornin '14
- Activision Announces Skylanders Trap Team Dark Edition
- Doom 4 Reveal Aims to Stop Negative id Chatter
- Destiny Beta Offline Until July 23rd
- Oddworld: New 'n' Tasty Launch Trailer
- New Photo Mode for The Last of Us Remastered is a Day One Patch
- Dark Souls 2 Gets Colossal Patch
- Naughty Dog Says Not Creating a The Last of Us Sequel Would be a 'Disservice'
- Maxis Job Ad Mentions New Project
- Watch Dogs Best-Seller in UK... Once More
- Assassin's Creed Unity
Assassin\'s Creed Unity Experience Trailer 1 New Engine, New Gameplay
- Oddworld: New 'n' Tasty
- The Walking Dead: A Telltale Game Series - Season 2
The Walking Dead Season Two Episode 4 Trailer, Amid the Ruins
- Hyrule Warriors
Hyrule Warriors Zelda Wind Waker Trailer
- The Long Dark
Sony is no longer the third largest shareholder of Square Enix, as the company is selling every last piece of Squenix stock it owns.
For the last ten years, Sony has owned about 9.5 million shares in Square Enix stock, and they plan to sell it all to SMBC Nikko, a global securities firm. Even though the stock is estimated to be worth around $157 million, they are selling it for $47 million.
This move could be part of the pressure CEO Kaz Hirai has to cut corporate costs, and it could also be due to Square Enix's multiplatform approach with series that were traditionally PlayStation exclusives and Square Enix's own financial troubles. It will be interesting to see how this affects both companies down the road.
|COMMENTS PAGE 1|
BACK TO TOP