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re: Sony sells it's shares of Square Enix Stock

Posted on 4/16/14 at 7:50 pm to
Posted by oauron
Birmingham, AL
Member since Sep 2011
14515 posts
Posted on 4/16/14 at 7:50 pm to
Sony bought shares way back in 2000/2001 after the Final Fantasy movie bombed. Squaresoft was going to be bankrupt, so Sony helped out and then the company merged with Enix.

I'm surprised they choose to sell it, but it's not like they were doing anything with it. They were the third largest stock holder, but they didn't have any voting rights.
Posted by Sl4m
Baton Rouge
Member since Apr 2012
3717 posts
Posted on 4/16/14 at 7:58 pm to
Trimming the fat.

Square Enix hasn't been a worthwhile investment.

They stopped being relevant post PSOne era.
Posted by jeff5891
Member since Aug 2011
15761 posts
Posted on 4/21/14 at 8:02 am to
quote:

I'm surprised they choose to sell it,
Sold to offset losses
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