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USA EditionYou are located: Home > All News > Business, Financial & Legal News > Sony sells an estimated $440 million worth of DeNA shares

Sony sells an estimated $440 million worth of DeNA shares

By: (more) | Business, Financial & Legal News | Posted: Mar 4, 2013 12:32 pm

Before the PlayStation 4 is released, it looks like Sony are cashing in their bottles and cans to raise some money - the Japanese company have just announced the sale of their 13% stake in Japanese mobile gaming company DeNA. Nomura Securities are the recipients of the sale, estimated to be 40.9 billion yen, or approximately $440 million. The announcement from Sony has said:

 

Sony is transforming its business portfolio and reorganizing its assets in an effort to strengthen its corporate structure. This sale is made as a part of that initiative.

 

sony_sells_an_estimated_440_million_worth_of_dena_shares

 

It's a strange move, as DeNA are one of the world's largest mobile social games companies, with over 40 million users in Japan alone. With Sony wanting to push the PS4 in a more social direction, and with Sony being a Japanese company who are loyal to their own people, why the sale of shares in a top mobile social games company, now?


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