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:
- the Sony Building in New York for US$1.1 billion
- the Sony City Osaki Building in Tokyo for US$1.2 billion
- and a portion of its stake in online medical service subsidiary M3 Inc. for US$152 million
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.
