Sponsored By

Sony Makes Major Stake In Square Co.

Sony Computer Entertainment said today that it will take a 19% stake in Tokyo-based Square Co.

Game Developer

October 9, 2001

1 Min Read

The deal consists of the purchase of 11.2 million new shares in Square, priced at $11 per share -- about 18% off of Tuesday's closing price. The total value of the investment is approximately $124 million. Sony said Tuesday that investing in Square will allow both companies to work together to develop online games. According to a spokesperson from Square, the deal will not limit the company's ability to develop games for non-Sony platforms.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like