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."

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Sony announced today that it will sell its entire stake in social-game website operator DeNA.

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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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