Sony to book $437 million from DeNA sale
PlayStation maker to sell entire stake in social-game website operator as part of effort to "strengthen corporate structure."
Sony announced today that it will sell its entire stake in social-game website operator DeNA.
By selling its 17.7 million shares in the company, Sony will book a gain of ¥40.9 billion ($437 million). The sale will be finalized on Thursday.
This sale was part of a Sony effort to transform its business portfolio and reorganize assets in a move to "strengthen its corporate structure."
Also part of this effort were two recent office building sales. Sony last week sold a Tokyo office for $1.2 billion and in January sold its New York City headquarters for $1.1 billion.
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