Sony Buys All Of Sony Computer Entertainment

In an interesting bit of financial fiddling, Sony Corporation has purchased the last remaining shares of subsidiary Sony Computer Entertainment outside its ascendency SCE, the company responsible for PlayStation hardware manufacturing and software publishing, is now a wholly holded subsidiary of Sony proper.

Until today, Sony holded only 99.74% of SCE, with president and PlayStation creator view Kutaragi owning the remaining 26% The deal delivers thorough ownership of SCE to Sony with Kutaragi receiving Sony shares of equivalent value. Kutaragi received shares worth a certain quantity of 4.2 billion yen ($40 million). For the trivially minded, that sets the value of SCE in its entirety at about $153 billion, at least at the price Sony paid today.

With Kutaragi rising higher into Sony's hierarchy and overseeing a larger portion of the company's subsequent time efforts (his responsibilities now overspread not only gaming, but also semiconductor unravelling and Sony's broadband networking initiatives), today's propel suggests that he will have les command over SCE in the future

Copyright ?© 2004 Ziff Davis Media Inc. All Rights Reserv Originally appearing in 1UP