On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
34° Feels Like: 23°
Wind: WSW 20 mph Past 24 hrs - Precip: 0.2”
Current Radar for Zip

Today

Rain/Wind 52°

Tonight

Partly Cloudy 33°

Tomorrow

Partly Cloudy 63°

Alerts

Sony to sell all DeNA shares it owns to Nomura Securities

A man riding an escalator passes an advertisement of Sony Corp. at an electronic store in Tokyo February 6, 2013. REUTERS/Shohei Miyano
A man riding an escalator passes an advertisement of Sony Corp. at an electronic store in Tokyo February 6, 2013. REUTERS/Shohei Miyano

TOKYO (Reuters) - Sony Corp said on Monday that it would sell all the shares it owns in Japanese online game provider DeNA Co Ltd to Nomura Securities.

Sony said in a statement that it expected to post a gain of 40.9 billion yen ($437 million), to be recorded as operating income in the fourth quarter of the fiscal year that ends this month.

Nomura Securities is a unit of Nomura Holdings Inc. ($1 = 93.4450 Japanese yen)

(Reporting by Tokyo Newsroom; Editing by Chris Gallagher)

Comments