Sony to sell all DeNA shares it owns to Nomura Securities

TOKYO Mon Mar 4, 2013 2:24am EST

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.

Credit: Reuters/Shohei Miyano

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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)

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