Home Gaming Sony sells off Square Enix stock

Sony sells off Square Enix stock

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Falling lara croft

Despite achieving fantastic sales figures for the PS4, Sony has been struggling as a corporation. They’ve been taking all kinds of drastic steps to save the company, the latest of which is to sell off shares to bring in some extra cash.

Poor Sony, they’re reminding me of a down on their luck hobo, pawning off whatever they’ve got. They’ve sold their valuable office space, closed retail stores, and laid off tons of people. Now, they’re expected to bring in $48 million through the sale of their Square Enix shares. The sale was made to SMBC Nikko Securities Inc, a global financial institution that hopefully won’t try to impose too much control over the game publisher.

It makes sense why Sony needs to do this – the company simply isn’t as strong as people imagine. It’s very hard to be in the hardware industry at the moment – maybe if they did more to push the cloud, they would regain consumer support. They need to survive as a business, which means being Machiavellian at times. Still unfortunate news, and probably won’t be good for the relationship between Square Enix and PlayStation.

I just hope that we still get to see Final Fantasy XV on PS4 in the near-ish future. Sony might need to sell off different divisions to survive; I just hope their CEO Kaz Hirai has a plan, because the news keeps looking really grim. Of course, when Square Enix releases Final Fantasy, Sony won’t be able to ride their stock price surge to glory. Well, assuming FFXV is as good as I’m hoping it will be.

Last Updated: April 17, 2014

91 Comments

  1. Umar's Sin

    April 17, 2014 at 10:02

    Obviously Final Fantasy 15 is going to be amazing pfft

    Reply

    • Ottokie

      April 17, 2014 at 10:07

      If 15 has another combat system like FF13, I will buy it just so that I can destroy it in the most spectacular way I can think of.

      Reply

      • Alien Emperor Trevor

        April 17, 2014 at 10:07

        By putting it in an Xbone?

        Reply

      • Umar's Sin

        April 17, 2014 at 10:07

        Lol naa not in the least. It’s looking pretty amazing. More like KH style battles

        Reply

        • Ottokie

          April 17, 2014 at 10:16

          I will keep a wary eye on it πŸ™‚ but will not pre order

          Reply

          • Umar's Sin

            April 17, 2014 at 10:17

            I’ma pre-order that shizz, I be like dem blind fanbois yo

          • Ottokie

            April 17, 2014 at 10:18

            I was also…I have to hold back the tears whenever I start up FFX HD πŸ˜›

          • Umar's Sin

            April 17, 2014 at 10:19

            Lol naa dude I feel you soooo much. FF X reminded what the series used to be…

      • Sk3tz0

        April 17, 2014 at 10:09

        I SAY BRING BACK THE TURN BASED FIGHTING SYSTEM!!!! (yes im that dedicated that i was holding shift for those caps)

        Reply

        • Ottokie

          April 17, 2014 at 10:15

          Remember….

          Reply

          • oVg Errorist

            April 17, 2014 at 10:21

            South Park is a better turn based RPG than anything made since Dragon Quest 8.

          • Ottokie

            April 17, 2014 at 10:22

            The horrible part is that I actually agree with you o.O

          • Nick

            April 17, 2014 at 13:10

            Bit of a stretch bud xD
            Good game though!

          • Umar's Sin

            April 17, 2014 at 11:12

            Sigh, this logo brings tears to my eyes

        • Mossel

          April 17, 2014 at 11:14

          LOL! I do that all the time. I start off with typing one word in caps while holding shift, then end up typing a paragraph. Afterwards I’m dissapointed in myself, I could’ve just used caps lock.

          Reply

          • Sk3tz0

            April 17, 2014 at 11:16

            it show dedication πŸ˜›

  2. Sir Rants A Lot Llew. Jelly!!!

    April 17, 2014 at 10:05

    Cleavage shot

    Reply

    • Sk3tz0

      April 17, 2014 at 10:05

      Agree!!

      Reply

    • VampyreSquirrel

      April 17, 2014 at 10:07

      We need more of those… daily, NAY, hourly!

      Reply

      • Sk3tz0

        April 17, 2014 at 10:08

        Research shows that cleavage should be admisistrated 30hourly ..

        Reply

        • VampyreSquirrel

          April 17, 2014 at 10:19

          That would be every 2 minutes?

          Reply

      • Umar's Sin

        April 17, 2014 at 10:08

        We want boobies!
        and when do we want them??
        Every minute!!

        Reply

      • Alien Emperor Trevor

        April 17, 2014 at 10:08

        Challenge accepted!

        Reply

        • VampyreSquirrel

          April 17, 2014 at 10:09

          Moob cleavage doesn’t count Trev… plz keep your dodgy man pron to yourself.

          Reply

          • Alien Emperor Trevor

            April 17, 2014 at 10:09

            Sharing is caring.

          • Alien Emperor Trevor

            April 17, 2014 at 10:09

            And that’s sexist.

          • VampyreSquirrel

            April 17, 2014 at 10:11

            No it’s not… well not entirely

          • Unavengedavo

            April 17, 2014 at 10:13

          • Alien Emperor Trevor

            April 17, 2014 at 10:13

            haha plumber’s cleavage ftw.

          • VampyreSquirrel

            April 17, 2014 at 10:16

            LMAO! No… that doesn’t

          • Sir Rants A Lot Llew. Jelly!!!

            April 17, 2014 at 10:17

            eish

          • Umar's Sin

            April 17, 2014 at 10:20

          • VampyreSquirrel

            April 17, 2014 at 10:23

            Optimist much?

          • Umar's Sin

            April 17, 2014 at 10:27

            I see a girls face, I’m content

          • Alien Emperor Trevor

            April 17, 2014 at 10:45

          • Umar's Sin

            April 17, 2014 at 10:48

            ROFLOL Oh man…..comment of the week!!

          • Unavengedavo

            April 17, 2014 at 10:45

            Agreed, if you squint and tilt your head just a bit, you’d be able to fap to that O_o

          • Umar's Sin

            April 17, 2014 at 10:47

            LOOOOOOOL Those are legit claims

          • Rince the Unhuggable

            April 17, 2014 at 10:22

            ArghhH!

          • Jim Lenoir (Banana Jim)

            April 17, 2014 at 17:04

        • Umar's Sin

          April 17, 2014 at 10:12

          Melissa and Joey?

          Reply

          • Alien Emperor Trevor

            April 17, 2014 at 10:15

            I don’t know. That’s one of the first results that pops up when you image search for “man cleavage”. Thanks Google!

          • Umar's Sin

            April 17, 2014 at 10:15

            Lmao, yeah I think hes the actor from that show could be mistaken

        • Rince the Unhuggable

          April 17, 2014 at 10:22

          Wowza, how many coffees have you had boet? DOUBLE THAT.

          Reply

          • Alien Emperor Trevor

            April 17, 2014 at 10:32

            Not enough? Are you sure?

          • Mossel

            April 17, 2014 at 11:10

            Seriously though, why do these type of guys always have goatee? They are like a living stereotype!

          • Alien Emperor Trevor

            April 17, 2014 at 11:22

            I know right? When I first saw that one I couldn’t remember ever taking a selfie.

          • Mossel

            April 17, 2014 at 11:24

            Did I mention how much I love goatees? Growing one as we speak!

  3. Sk3tz0

    April 17, 2014 at 10:05

    Dear god.. the Xbox and PC fans are circling to Sony fans in hopes of failure.. imagine the never ending HA I TOLD U SONY SUCKED.. THEY WENT UNDER..

    Reply

    • Umar's Sin

      April 17, 2014 at 10:06

      Sad though, that people wish a company would fail just so they can gloat….F**king idiots

      Reply

      • Kromas

        April 17, 2014 at 10:20

        I really am sorry but I will gloat when Apple sinks. Not because I inherently hate Apple but because Apple fanboys are just a step up from Beliebers.

        Reply

        • Umar's Sin

          April 17, 2014 at 10:22

          oooooh Zoe gonna gonna get yoooooouuu

          Reply

          • Kromas

            April 17, 2014 at 10:23

            Did not insult Apple. Just their supporters. πŸ˜›

          • Admiral Chief in Space

            April 17, 2014 at 10:24

            Hahaha, well said

          • VampyreSquirrel

            April 17, 2014 at 10:25

            That’s Zoe πŸ˜›

          • Umar's Sin

            April 17, 2014 at 10:25

            LOL nice!

          • Her Highness the Hipster

            April 17, 2014 at 11:41

            i’ve been using apple since i was… 4? i just like the interface. don’t have a problem with others. just like the apple design – feels intuitive to me in a way others aren’t. also… SHINY! πŸ˜›

          • Kromas

            April 17, 2014 at 12:21

            I myself own an Iphone. They are not bad products per se (ui needs more customization and environment is way too closed off for my liking). Then again my Iphone recently broke and its time to go back to Android.

          • HvR

            April 17, 2014 at 10:27

            Not with right punch or upper cut she won’t

        • Mossel

          April 17, 2014 at 11:13

          On the other side of the spectrum, I know some pretty douchy Andoid/Spamsung fanboys aswell. The moment they see my iPhone they immediately start bashing it with insults. Really irritating. But not everyone is like that.

          Reply

          • Kromas

            April 17, 2014 at 11:20

            Yeah you get both sides of the coin but I suppose my close proximity to a HUGE Apple fanboy 5 days a week makes me jaded.

    • Alien Emperor Trevor

      April 17, 2014 at 10:11

      I’m not. Although technically my PC fans are always circling, but not around Sony.

      Reply

    • Rince the Unhuggable

      April 17, 2014 at 10:23

      It would be very damaging for the gaming industry if there was no competition. I am sure even you can agree with that?

      Reply

      • Kromas

        April 17, 2014 at 10:24

        Steambox FTW!

        But seriously …. gaming would be great if PC was the gaming device everyone uses…. then I would get The Last of Us on PC! yay

        Reply

        • Rince the Unhuggable

          April 17, 2014 at 10:25

          *SLAP

          Reply

          • Kromas

            April 17, 2014 at 10:26

            Yes again!

            BTW the safe word is “STOP”

          • Rince the Unhuggable

            April 17, 2014 at 10:27

            POTS!

        • VampyreSquirrel

          April 17, 2014 at 10:28

          We’d also have GTAV on PC already…

          Reply

          • Alien Emperor Trevor

            April 17, 2014 at 10:30

            We do! And an online beta… pity about the malware & viruses though :/

          • Kromas

            April 17, 2014 at 10:31

            I already own GTAV. It is just called Saint’s Row and is way better cause you hit people with giant dildos. πŸ˜›

          • Alien Emperor Trevor

            April 17, 2014 at 10:33

            Or as I like to call it, Friday.

  4. VampyreSquirrel

    April 17, 2014 at 10:08

    I wish I had $48 mill in shares just sitting around begging to be sold…

    Reply

  5. Umar's Sin

    April 17, 2014 at 10:15

    Kingdom Hearts 3, are you crazy Sony. All dat moneys !

    Reply

  6. oVg Errorist

    April 17, 2014 at 10:20

    Not as if they secured any exclusive Square games anyway.

    Reply

    • Umar's Sin

      April 17, 2014 at 10:21

      Indeed, I think this share was from the FF7 days, SE can’t afford to give exclusivity as well

      Reply

  7. Umar's Sin

    April 17, 2014 at 10:23

    • oVg Errorist

      April 17, 2014 at 10:25

      The last bit of music he did before he was snapped up by Mistwalker Studios.
      Final Fantasy died 14 years ago.
      http://en.wikipedia.org/wiki/Lost_Odyssey

      Reply

      • Umar's Sin

        April 17, 2014 at 10:26

        He still did X as well, and it’s amazing how much influence his music has on the quality of the game, just a sentiment to his brilliance

        Reply

      • Rince the Unhuggable

        April 17, 2014 at 10:27

        Lost Odyssey FTW

        Reply

        • Umar's Sin

          April 17, 2014 at 10:30

          Dat effing music in that game

          http://youtu.be/SaCkn9l3Rg4?t=1m41s

          Are you kidding me Nobuo? how does he keep making such brilliant music

          Reply

          • Rince the Unhuggable

            April 17, 2014 at 10:34

            I just don’t know, guy is amazing!

          • oVg Errorist

            April 17, 2014 at 10:53

            This always gets me.

          • Umar's Sin

            April 17, 2014 at 11:08

            DUDE ! I was just listening to this. If it’s one thing he knows how to do extremely well, that is to make the best damn final boss music in the world….

            Love some of his more sinister themes

          • oVg Errorist

            April 17, 2014 at 11:11

            I heard Blue Dragon was also dope. We need the Golden Age of gaming back.

          • Umar's Sin

            April 17, 2014 at 11:13

            Have you ever heard that game’s boss theme? IT IS THE BEST IN THE ENTIRE GALAXY

  8. Alien Emperor Trevor

    April 17, 2014 at 10:26

    If only the PS4 could play Excel & Turbotax you wouldn’t be in this mess. Who’s laughing now? #amirite

    Reply

    • Sk3tz0

      April 17, 2014 at 10:43

      Excel and turbotax is over rated.. πŸ˜›

      Reply

      • Alien Emperor Trevor

        April 17, 2014 at 10:44

        I know, give me DOS-based Lotus 1-2-3 any day.

        Reply

        • Kromas

          April 17, 2014 at 10:45

          Ha … I do my tax returns in Binary!

          Reply

  9. Pieter Smal

    April 17, 2014 at 16:46

    Perhaps Facebook will buy the shares?

    Reply

  10. Brian Murphy

    April 17, 2014 at 18:14

    I would too, S-E jerked Sony around quite a bit, saw pretty much nothing for their investment, and had to explain to fans why Versus never appeared for PS3. Invest the money elsewhere, S-E will be forced to publish on PS platforms regardless of whether Sony owns a share or not, they can’t resist the revenue stream.

    Reply

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