Little known fact: until today Sony Computer Entertainment actually owned 8.25% of Square Enix. But now, Sony has sold all of its holdings, a total of 9,520,000 shares, in a transfer that is expected to yield US$47 million.
As reported by Siliconera, Sony has come to an agreement with SMBC Nikko Securities Inc. for the shares.
The official value of the sale will be announced tomorrow.
At this stage, no reason has been given as to why Sony would dump this investment.
Sony Sells Off All Of Its Shares In Square Enix [Siliconera]