Sony Computer Entertainment Make Huge Profit From Square Enix Assets
April 16th, 2014, By Dean Howard
Sony has been making major cut backs lately with several low performing studios being laid to rest and stores being closed down in an attempt to reduce cost and focus on other current primary endeavors like Project Morpheus the next-gen VR headset for Playstation 4. Sony's recent sales of its Square Enix assets however does come as a bit of a surprise, despite reports showing SCE making huge profits from selling one of its biggest stocks. Though Sony has offered no details on their reason to sell off its Square Enix assets. Reports does indicate that Sony Computer Entertainment has sold its nine and a half million shares in the company, with Sony earning over ¥4.9 billion (roughly between $48-49 million) after the sale.
The company has labeled this profit as other income in its 1st 2014 quarter. (The current fiscal year ending on 31st of March 2015.) The official price and profits of the Square Enix assets will be announced tomorrow by Sony.
This news is very surprising since Square Enix has just launched Final Fantasy XIV: A Realm Reborn only this week on Playstation 4, with latest reports showing over 2 million registered users since its launch. You can read more about that story by clicking HERE.
Why do you think Sony sold its Square Enix Assets? Leave us your thoughts and opinions below.
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| The Beautiful Eorzea FFXIV |
Source: Game Industry International
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