16 Apr 2021 1:12 PM +00:00

Square Enix Releases Statement, Says It's Not For Sale

UPDATE:

After the Bloomberg Japan report suggested Square Enix could be the subject of a possible acquisition, the company has released a statement confirming it has received no offers and isn't preparing for a buyout at all.

"Bloomberg has reported today that there is interest from several buyers to acquire Square Enix," a Square Enix statement explains.

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"However, this report is not based on any announcement by Square Enix Holdings Co., Ltd."

"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."

Still, the initial report did see a stock surge of almost 14 per cent today, as reported by Dr Serkan Toto, industry consultant.

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Original Story Follows:

Square Enix, the Japanese publisher behind the likes of the Final Fantasy franchise and Marvel's Avengers, is apparently up for sale.

That's according to a new report from Bloomberg Japan, which suggests that multiple companies are monitoring the situation, although details at this time are scarce.

Square Enix Being Monitored By Multiple Companies For Potential Buyout - Report

Given Bloomberg's reputable nature, there's a good chance this report holds some truth, but it does stop short of confirming whether any deal would include all of the company's assets or just the video game side of things.

It's worth remembering, though, that companies of the size of those involved are always on the lookout for new acquisitions, and this may be nothing more than companies looking to see what a deal with Square Enix could offer.

After Microsoft purchased Bethesda, speculation has run rampant that an arms race of sorts between the company and chief rival Sony was about to take off, but in the months since things have gotten a little quieter.

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While Square Enix reported a $50 million loss for the quarter in which Avengers launched last year, it saw more success with the long-awaited Final Fantasy 7: Remake which received six nominations at The Game Awards, winning two.

As for the future, Final Fantasy XVI and Forspoken are both PS5 console exclusives at present.

We'll continue to report on this developing story.