Smart move Sony. SE hasn't been performing will that others would have hope for, I can see why would it be a bad time to buy stock from SE. SE seriously needs to get their act together.
I feel like it's a desperate move than a smart move to be honest. They lost 75% of their initial investment....But it really could be that Sony felt that this 9% share is not going to do anything so they might as well sell it to recover the loses.
Nintendo fan since 6 years of age.
Owned: SNES, Gameboy, Gameboy Color, Gameboy Advance, DS, 3DS, Wii U, PS1, PS2, PS3, PS4 and PSP3000.
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Sony knows the big money isn't in JRPGs, it's in FPS, crime sims, etc. And most JRPGs desperately crawl to Sony on their hands and knees without Sony owning any part of them so why lose money when you don't have to?
Sony could give SE a big middle finger and SE would still lick their boots.
NIS manages to release a few JRPGs per year on both PS3 and Vita because they have a much more realistic approach to the genre. They don't spend the entire GDP of a small South Pacific island nation on each one.
So Anakin kneels before Monster Mash and pledges his loyalty to the graveyard smash.
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Topic: Sony sold all their Square Enix Shares
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