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News: Sony Computer Entertainment sells its stake in Square Enix

Approximately £28 million earned from the sale to SMBC Nikko Securities.

The share transfer to SMBC, a leading brokerage firm in Japan, should see Sony post additional profits of approximately $47 million (£28 million), though the final transfer value won't be officially announced until tomorrow.

Sony actually reports its fourth quarter and full year earnings on May 14, but this sale will be reflected in the current financial year.

No reason for the sale has been given.

Source: Siliconera

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News: GAME’s Xbox store is closing

Dedicated Xbox shop to close later this month.

The Shoreditch shop shuts its doors just 10 months after opening in June last year, although GAME maintains that the experiment has been a success, having offered a "real insight into what consumers expect from the next generation of retail".

"We have implemented Xbox sections in all of our stores," explained GAME stores director Dave Howard, "we have taken all the best of the Xbox store into over 320 GAME stores around the UK. Customers really showed an appetite for hands-on experience, interactive displays and a way to digitally access Xbox Live content. We will continue to...

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