Sony Sells Off All Of Their DeNA Shares Worth US$437 Million

Sony sure seems to be in need of a lot of cash at the moment.

In the last few days and weeks, the company sold off:

And it’s now time for Sony to turn another valuable asset into cash: its stake in Mobage operator DeNA. Sony just said that it will sell all their DeNA shares (worth a whopping US$437 million) to Nomura Securities.

The deal will be closed on March 7, just in time for Sony’s next financial report, which is due out on March 31.

To put the amount of US$437 million into context: DeNA is currently listed at the Tokyo Stock Exchange with a US$4.2 billion market cap.

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