On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1330 AM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
65° Feels Like: 65°
Wind: S 3 mph Past 24 hrs - Precip: 0.06”
Current Radar for Zip

Today

Partly Cloudy 73°

Tonight

Partly Cloudy 66°

Tomorrow

Scattered Thunderstorms 79°

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