Sony has announced it is dumping its entire 8.2% stake in Square Enix, although Sony maintains it is merely because it is strapped for cash and has nothing to do with Square Enix’s outstanding performance in recent years.
Sony Computer Entertainment’s 8.2% stake in Square Enix Holdings, totalling 9.52 million shares, is being liquidated for 4.8 billion yen.
Sony’s holdings originate from 2001 when difficulties experienced by the original Square led to it obtaining a substantial stake, which it maintained in the years to follow for “investment” and “management support” purposes.
Sony says the sale will not have any bearing on Square Enix software appearing on its platforms, not that non-social platforms seem to be of much interest to Square Enix of late.
It also maintains the sale is due to its own ongoing restructuring and not the performance of Square Enix – which has barely escaped rock bottom after the promising its own massive restructuring effort of continuing its reinvention as a mobile phone developer.
Square Enix’s latest RPG masterpiece – for the iPhone, of course:
FF7 pretty much turned PS into gold when it was a shittier system compare to Saturn. Guess the marriage is finally over after 17 years.
Seems like the Japanese model of business is completely reliant on mindless droning consumerism. No wonder they are so concerned with declining birth rates…
They are not. Because, guess what, it’s not declining. And if you had tried to google ‘japan birth rate’ before posting your retarded s♥♥t, you could save yourself a trouble looking so stupid now. Btw, murican birth rate IS declining during last 10 years :/
Sony are doing alright, their loss’s if we use the 2013 stats. Literally have been covered in their profits. (Profit before taxes covers it and profit after taxes cover the latest 200 million loss). So unless they had huge loss in the last fiscal year, they fine. They need 25 billion $ for operating expenses. So they need like a huge catastrophic size loss.
Why don’t they just start rehashing our favorite old games like Chrono and make bajillions? I’d flip my s♥♥t for a Chrono sequel.
Maybe this will be the wake up call for them (SE). Heads should fucking roll and I am looking at the s♥♥t stain who kept pushing Lightning. Get rid of them, cut them out, they are fucking cancer.
Then drop your terrible idea of going to social media games. There is no saving the company if you continue on this path.