Needs more cash to 'strengthen corporate structure'.
Sony is selling its entire stake in social-game website operator DeNA for $437 million, as part of an effort to transform its business portfolio and reorganize assets.
Sony has announced 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). This sale was part of Sony's effort to transform its business portfolio and reorganize assets in a move to "strengthen its corporate structure."
As part of the same effort, Sony last week sold a Tokyo office for $1.2 billion and in January sold its New York City headquarters for $1.1 billion.
NEWS SOURCE #1: Sony to book 437 million from DeNA sale (via) GameSpot
NEWS SOURCE #2: Sony sells DeNA shares (via) JoyStiq
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