PlayStation Universe

Sony to sell all shares of its Japanese online games provider

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on 4 March 2013

Sony Corp officials expect to post a gain of 40.9 bill yet ($437 million) in recorded opearting income in the fourth quarter of the fiscal year ending this month. This news comes as Sony Corp today announced it will sell all the shares it owns in Japanese online game provider DeNA Co Ltd to Nomura Securities.

Back in January we reported that Sony Corp was in negotiations for the sale of its New York headquarters for $1.1 billion to investors. Sony, which has seen some tough financial situations as of late, was expected to gain $685 million in operating income after the repayment of debt related to the 37-story building. Sony also disclosed a $115 million loss in the third quarter. In February, the company sold its Osaki office building for $1.2 billion.

Sony's moves were to recover from its 457 billion yen loss for the financial year ending March 31, 2012.