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Sony to Invest in Square Software Group | |
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| Time: 08:34 EST/13:34 GMT | News Source: Reuters | Posted By: Byron Hinson | ||
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TOKYO ($124.4 million) in capital to Square Co Ltd, one of Japan's top game software makers, to boost its position in the highly competitive industry. Under the deal due to be implemented on October 26, Square will allocate newly issued shares to Sony's game-making unit, Sony Computer Entertainment (SCE), making it the second-biggest shareholder in Square at 18.6 percent stake. The Sony unit, maker of the popular PlayStation 2 home video game player, currently has no stake in Square. By forming the capital alliance with Square -- best known for its popular ``Final Fantasy'' role-playing video game series -- Sony will be able to extend its reach further into Square's attractive game titles for its game console. ``Square is a splendidly creative game software maker with a brilliant history...and we are positive that they will make more and | ||
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