In another cash move for Sony, they are announcing that they are going to sell their 17.7 million share stake in social-game website operator DeNA for ¥40.9 billion ($437 million dollars). The sale should be finalized on Thursday.
When asked why they decided to sell such a large position in the company, they claimed the move would “strengthen its corporate structure.” This is the same response they gave when asked why they sold their Osaki office building. Could this be another sign of Sony weakening?