Sony sells DeNA shares for $438M

Sony expects operating profit this year, but not from selling product
Sony is getting rid of all its shares in Japanese mobile portal DeNA for $438 million. Reuters reports the company is selling the shares to Nomura Securities. The income from the sale will be posted in Sony's fourth quarter financials.

This all ties into Sony's announcement in February that it would end its fiscal year in March with an operating profit, which was quite the surprise given the state of the company. Sony has recently experienced billion-dollar cash infusions through the sale of its Sony City Osaki and its New York HQ buildings.

[Image: Adriano Castelli via Shutterstock]

This article was originally published on Joystiq.