PS4 company Sony to sell its entire stake in Square Enix, valued at around $47 million

PlayStation firm to unload 9.5 million shares held in the Final Fantasy company.

PlayStation 4 company Sony will sell its entire stake in Final Fantasy developer Square Enix, Sony announced today in a Japanese news release. Translated by the Wall Street Journal, the announcement states that Sony will unload its entire position, 9.52 million shares, in a transaction worth around ¥4.8 billion yen ($47 million).

Major Japanese brokerage firm SMBC Nikko Securities Inc. will oversee the transfer. The deal is expected to be officially closed on April 17. It is the latest example of Sony attempting to become more efficient and boost profitability.

In the past year, Sony has announced that it will sell two major office buildings, lay off thousands of employees, and even sell its PC division as a means to return to profitability.

You might be surprised to learn that Sony held a stake in Square Enix, but in fact the PlayStation company's investment in the Final Fantasy studio dates back to the early 2000s. The Wall Street Journal points out that Sony actually held 8.2 percent of Square Enix's total shares.

Eddie Makuch is a news editor at GameSpot, and you can follow him on Twitter @EddieMakuch
Got a news tip or want to contact us directly? Email news@gamespot.com

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Discussion

768 comments
starjay009
starjay009

Even my 2 yr niece knows SONY makes the PS4. DUH Gamespot ! 

lilflipp
lilflipp

A little premature to say the total value of the sale is 4.8 billion yen, isn't it? According to Sony's press release, they're posting a gain of 4.8 billion yen and the final price will be revealed tomorrow. If they sold for 4.8 billion, that would be roughly a 66% discount to the market price. Does that seem right?

http://www.sony.net/SonyInfo/IR/news/20140416_E.pdf

akuma12345
akuma12345

Now I know why Final Fantasy X/X-I and Kingdom Heart 2/2.5 Remastered never make it to the other consoles ( Xbox360, Wii U ) .... BECAUSE SONY FUCKING OWNED!

FallenOneX
FallenOneX

"You might be surprised to learn that Sony held a stake in Square Enix," 

Not if you were alive when "The Spirits Within" was made and you're  gamer that likes the series.

chronoschris
chronoschris

Smart move.  It's not like Square-Enix has been creating quality games lately or playstation exlcusives for that matter.  Might as well sell that uselessness. 

joke_man
joke_man

"PS4 company Sony..."


Oh, is that who makes the PS4???  Thanks for the informative title, GS!

dark_rising76
dark_rising76

Other than Tomb Raider and the new FF14 game, Square Enix is just not doing well with their games. Maybe by selling those shares, it'll wake them up and realized that they need to make better games. Besides, people get very impatient when you show a FF trailer back in 2006 and eight years later you're still unsure when you'll be done with it. WTF?!

Devils-DIVISION
Devils-DIVISION

Recently, the only good thing to come from SE publishing is Tomb Raider. And before that (and the best one), Deus Ex: HR.

Whilst I don't blame Sony for selling off their shares (I too would sell), I just hope SE isn't hurt in development of the next Deus Ex and Tomb Raider; not really interested in the Final Fantasy games, there hasn't been a decent one of those in a long while.

megakick
megakick

By selling stock Sony is showing they have little faith in the company and this will not encourage Square Enix to make exclusive games for Sony.

ps4hasnogames
ps4hasnogames

I take this as inside news that FF15 WILL NOT be coming out this year, and FF14 will be a failure.  Heck Kingdom Hearts 3 won't come out this year either.

triton1977
triton1977

It's time to panic and sell your Sony shares.

PlatinumPaladin
PlatinumPaladin

Yeah, I've got to admit I didn't know Sony owned any stake in Square.

They really are drastically shedding weight.

Rock_Lord14
Rock_Lord14

unsure f whether this was a good move or not. I mean, SE produces lots of tipically japanese games. A lot of people buy PSs because of them. although most of them also get to xbox so probably not a problem

lonewolf1044
lonewolf1044

I brought one game from Square and that was Final Fantasy 12 and didn't enjoy it.

phiphthvyoo
phiphthvyoo

What, no update to correct this article?  They sold the stocks for around $150mil.  They originally paid around $125mil around 2002. So it's not "in a transaction worth around ¥4.8 billion yen ($47 million)."


But then who comes here for authentic news?

dussan2
dussan2

Selling stock in a company that JUST announced that they are going to start making games they like is a smart move.  I know I wrote off Square Enix.  

dani3po
dani3po

Anyway, who needs to Square Enix? For a long time now, the best RPG´s don´t come from Japan ...

flakmunkey
flakmunkey

@joke_man  LOL, I literally opened this article just to make that comment. It just reads so....silly

Salokin3
Salokin3

@dark_rising76  

Think they've already woken up a bit from their "Popular game has X so we'll put that in FF Y" phase, thanks to Bravely Default's amazing sales.

quaker04
quaker04

@dark_rising76  I don't think you're looking to the right side. Sony has problems, not Square Enix. And make better games is based on opinion and it demands strategy to create something new or renew something. 

thermalmotion
thermalmotion

Has Square Enix ever released a Sony exclusive?
Exclusives are awful, they're designed to exclude groups of gamers by definition.

Zombrex
Zombrex

@lonewolf1044  Yeah not the best choice. Anything before X would have been a better idea.

Zombrex
Zombrex

@phiphthvyoo  The transaction was WORTH pre-sale for 47 million. Just because it's WORTH that much, didn't mean it wouldn't sell for higher(or lower).

Salokin3
Salokin3

@dani3po Bravely Default man, it's an amazing JRPG. Its sales seem to have actually given Square a slap and told them to make more of that shit, since it's faithful to early FF games.

zeing
zeing

@dani3po  Ni No Kuni. The only reason I plan on buying a PS4 is to play Ni No Kuni 2.

MysteryJ0ker
MysteryJ0ker

@dani3po  

That's because your big J-"rpg" (not rpgs) games are still following out-of-date, 14 year old formulas.

joke_man
joke_man

@Sigleaf @joke_man  


Interestingly, he also got the numbers wrong.  The $47 million is profit.  The total sale, however, was nearly 3 times that amount. 


Moron...

joke_man
joke_man

@flakmunkey @joke_man  


I'm just glad someone finally provided this information to the general public...I've always wondered who made the Sony Playstation 4...

joke_man
joke_man

@thermalmotion  


Is that a serious question?


Dozens of PS2 games they released were PS2 exclusives...

joke_man
joke_man

@Zombrex  


No; the article just got the information wrong  The shares were worth apx. $150 million just based on the then-persent /share value.  The Y4.8 billion was the estimated one-off PROFIT from the stake-sale.  The actual value was 3-4 times that at Y16 billion.  


The author apparently doesn't know how to read...

sumzero2008
sumzero2008

@shinjuki @TheWatcher000  


lol.... 8.5% isn't enough to control anything in the company. You really don't understand how "Stocks" work do you?


Any exclusivity Sony has on any Square-Enix games comes from contractual agreements or from publishing rights.

TheWatcher000
TheWatcher000

@shinjuki @TheWatcher000 

No myshitisfunky, if you are looking for the stupid one that would be YOU.  That's not exactly what it means, that's what you hope it means, and what you wish it to mean.

That does not make it definite, written in stone, or anything to that effect.  It just means you are fantasizing desperately again, and somehow think because you want it to bereal, that it will be.

I feel sorry for anyone that lives with you or around you, cupcake.

With the level of verbal diarrhea you dispense on a daily basis, I can't imagine the constant smell of shit is something one could stand to live with for too long.

sumzero2008
sumzero2008

@Kyrylo @quaker04 @dark_rising76  


Sony's gaming divison is fine, more than fine, the parent company is doing eh... but they are taking steps to correct that.


Square is hurting a lot more at this point.

tsunami2311
tsunami2311

@joke_man @tsunami2311@thermalmotion

Past tense there buddy, use too not no more. 

I was also quoting you not the original post

joke_man
joke_man

@tsunami2311 @joke_man @thermalmotion  


Yup; and you're still wrong :)


You said, "Has Square Enix ever released a Sony exclusive?"


The answer to that riddle is: YES!  You literally went on to repeat what I said thus proving my point...

lonewolf1044
lonewolf1044

@gessekai @lonewolf1044@ps4hasnogames It is not a matter of pleasing me and what is it to you? You like the game and that is all that should matter. It took a minute for me to see I was not going to like the game because I was not really in control of the game or events, the game was and that is not for me. Yes, Sony selling it shares because Square may not be as popular as it was and most companies sell their shares if they see there may not be a profit in keeping it. Go visit Wall Street you might learn something.

gessekai
gessekai

@lonewolf1044 @ps4hasnogames  That's...not playing a game. If the game doesn't hook you after a minute it's considered bad to you? Seems like Square's audience is impossible to please, no wonder Sony is selling their stake. 

Zombrex
Zombrex

Oh I gotcha. My bad.