Originally published 16/04/2014 on SimplyPlayStationGaming.com
Today the Sony corporation announced they were selling the 9,250,00 shares they have with Sqaure Enix Holdings ltd. According to Sqaure Enix this amounts to 8.25% of total shares making Sony the third largest shareholder.
The shares will be sold to SMBC Nikko Securities Inc and are expected to earn Sony 4.8million yen (nearly £30 million). However, the official figure will be announced on the 17th April 2014.
No official reason was given for the sale in the release (in Japanese), but a combination of factors are already been rumoured on gaming forums. Many point to the lack of games that have been released on PlayStation platforms. Others believe that this is an indication of the ongoing struggles Square Enix are facing, or the need for Sony to make quick revenue. Either way it is the end of a historic partnership between the two gaming companies that helped bring the critically acclaimed titles Final Fantasy 7, 8, 9 & 10 to PlayStation platforms.
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