Sony Sells All Its Square Enix Shares

By Mike Sousa on April 16, 2014, 8:37AM EDT

Sony and Square Enix/Squaresoft are two companies that always had a strong partnership ever since the original PlayStation era, however, Square Enix's decisions over the recent years may change the situation. Sony has announced today that the company will be selling all of its shares in Square Enix in the next few days.

9,520,000 shares that Sony had with Square Enix will be sold to a SMBC Nikko Securities, which is one of the largest brokerage firms in Japan. With this, Sony is expecting that the transfer will total around 4.8 billion yen (around $47 million) in additional profits for the first quarter of the year.

Despite being a boost for Sony, this marks the ending of a long partnership between these two giants of the Japanese gaming. What do you think this means for Square Enix's future? Share your thoughts in the comments below.

Source: Siliconera

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