Sony to Sell DeNA Stake to Book $438 Million Gain This Quarter
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Sony Corp. will sell its entire stake in social-game website operator DeNA Co., the electronics maker’s fourth major asset sale this year as it tries to avoid a fifth straight annual loss.
The world’s third-largest TV maker expects to book a 40.9 billion-yen ($438 million) gain this quarter from the sale of 17.7 million DeNA shares to Nomura Holdings Inc., it said in a statement to the Tokyo Stock Exchange today. Sony will disclose the price tomorrow, and the sale is expected to close March 7, it said.