Square Enix Acquisition Rumors
Is publisher Square Enix about to be acquired? At least that's what a recent report by Bloomberg magazine says. The relevant editor is referring to the statements of some unknown employees from the banking industry who are allegedly privy to the situation. Accordingly, several companies have expressed their interest in a potential takeover to Square Enix. In the meantime, the Japanese publisher and developer has commented on this issue and taken a clear position.Square Enix denies the reports from Bloomberg and clarifies that there are currently no plans to sell the company. A Square Enix spokesperson said the following: Bloomberg announced today that there is interest from multiple buyers to acquire Square Enix. However, this report is not based on an announcement by Square Enix Holdings Co., Ltd. We are not considering selling the company or parts of the business, nor have there been offers from interested parties to take over the company or parts of the business. "
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Source: Bloomberg, Square Enix
Square Enix denies takeover rumors
A spate of recent game studio acquisitions has left many guessing who will be next. Well, it probably won't be Square Enix. The Japanese studio has rebuffedreportsclaiming it was being circled by multiple potential buyers. In a statement released today, Square Enix flatly denied that it was mulling a sale or had been approached by interested parties.
'We do not consider selling off the company or any part of its businesses, nor have we received any offer from any third party to acquire the company or any part of its businesses,' the company said.
It seems the rumor originated from CTFN — a subscription news site that specializes in mergers and acquisitions reporting — which cited two bankers, and was repeated by Bloomberg Japan. Industry analyst David Gibson said it may have been a case of bankers attempting to boost Square Enix's business after Marvel’s Avengers posted weak sales. Tokyo-based consultant Dr. Serkan Toto said the rumors caused the company's stock to jump by almost 14 percent.
© Square Enix Final FantasyAt the same time, consolidation has been rife in the gaming industry as major players look to boost their digital stores and burgeoning subscription services with exclusive titles. Recent deals include Microsoft's $7.5 billion takeover of Bethesda owner ZeniMax, EA's acquisition of Codemasters and Epic Games' purchase of Tonic Games Group (parent of Fall Guysstudio Mediatonic).
Though Square Enix was quick to rubbish takeover talk, it's easy to see why it would be an attractive target. The company's properties include enduring franchises, like Final Fantasy and Kingdom Hearts, and newer titles such as Outriders. But, it's also tied down to existing licensing agreements for its upcoming games including Forspokenfor PS5 and PC.