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Square Enix
Square Enix

Square Enix Dismiss Rumor of Being Acquired

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Square Enix responded today to Bloomberg Japan‘s that claimed that several video game companies were looking to acquire the studio.

Bloomberg has reported today that there is interest from several buyers to acquire Square Enix. However, this report is not based on any announcement by Square Enix Holdings Co. LTD. We do not consider selling of the company or any part of its business, nor have we received any offer from any third party to acquire the company or any part of its business.

Following the massive acquisition of ZeniMax Media, Xbox fans are expecting that Microsoft could acquire another large studio. Back in 2020, Phil Spencer affirmed that the Japanese market is crucial for the Xbox Series X|S, this led fans to speculate about a possible acquisition of SEGA or Square Enix.

“We want to be a platform of choice for these games. I am proud of our progress over the past 4 or 5 years. During E3, we have a strong presence of Japanese games on stage. We know that we are not a Japanese manufacturer, we know that we must work to rebuild a climate of trust with Japanese designers.”

According to Dr. Serkan Toto, CEO of Tokyo-based video game industry consultancy KantanGames, Bloomberg’s report caused a surge in the value of Square Enix’s stock, with lots of investors wondering if Sony was the company trying to buy Square Enix.

Following today’s M&A rumors, Square Enix stock just went into the lunch break at the Tokyo Stock Exchange at +13.80%. (It’s 11:40am Friday here in Japan.) And yes, that’s a lot for such an already large company on a single day.
GamesIndustry.Biz reports that Square Enix saw revenues “up 43% year-on-year, shifting over 12 million copies of new games during that period. Profits were also up 46.3% during H1.” The strong results in the market could also dismiss any rumors of the company in need of being absorbed by a larger company.

Stay tuned at Gaming Instincts via Twitter, YouTube, and Facebook for more gaming news.

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