Cashing in

As part of an ongoing effort to stabilise its financial footing, Sony has announced that it’s selling its shares in Japanese online gaming firm DeNA for around $440 million. Games Industry.biz reports that Nomura Securities are poised to snatch up the 17.72 million shares, which will add a few more zeroes to the platform holder’s bank balance.

"Sony is transforming its business portfolio and reorganising its assets in an effort to strengthen its corporate structure," a statement explained. "This sale is made as a part of that initiative."

Earlier in the year, the company confirmed that it had sold its New York headquarters to a real estate firm for $1.1 billion. It also declared the sale of its Tokyo office late last month. Rumour has it that CEO Kaz Hirai’s expensive selection of suits and ties are on the chopping block next.

[source gamesindustry.biz]