IGN All: Sony Sells Off $437 Million in DeNA Stock

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Sony Sells Off $437 Million in DeNA Stock Mar 4th 2013, 22:52 Capping off a tumultuous financial year, Sony has decided to sell off its shares in DeNA, the company that owns popular games portal and social network Mobage. Sony expects to gain $437 million (or 40.9 billion yen) from the sale. The shares were purchased by Japanese company Nomura Securities. This could mark a decision by Sony to move away from mobile gaming, instead choosing to focus on the Playstation brand. Freeing up some money with this sort of sale would be a good way to go about that. Sony revealed the PlayStation 4 last month. DeNA, meanwhile, has produced popular social games in Japan based on brands such as Final Fantasy and Infinity Blade. Continue reading…

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