Sony liquidates more assets, drops DeNA shares

Monday, 4 March 2013 15:46 GMT By Sherif Saed

GI’s reporting that Sony will sell its share in Japanese online gaming firm DeNA for around $440 million.

Sony will sell its shares in DeNA, a Japanese online gaming firm, for around $440 million.

The company has released a statement confirming the deal, saying it will sell 17.72 million shares of DeNA stock to Nomura securities.

The move will bring much-needed cash into the struggling corporation, adding around ¥40.9 billion ($438 million/£291 million) to Q4 earnings.

Selling the DeNA shares is the third money-boosting bid by Sony recently, with sales of offices in New York and Osaka raising $1.1 billion and $1.2 billion respectively.

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