Square Enix denies buyout rumors

A series of recent game studio acquisitions left a lot of guessing who will be next. Well, it probably won’t be Square Enix. The Japanese studio has repulsed reports affirming he was surrounded by several potential buyers. In a statement released today, Square Enix categorically denied considering a sale or being approached by interested parties.

“We do not plan to sell the company or any part of its business, and we have not received any offers from any third party to acquire the company or any part of its business,” the company said.

It appears the rumor originated from CTFN – a subscription news site specializing in M&A reporting – which cited two bankers, and was repeated by Bloomberg Japan. Industry Analyst David Gibson mentionned it may be a case of bankers trying to boost Square Enix’s activities after Marvel’s Avengers posted low sales. Tokyo-based consultant, Dr Serkan Toto mentionned rumors pushed the company’s shares up nearly 14%.

At the same time, consolidation has plagued the gaming industry as major players seek to revitalize their digital stores and subscription services with exclusive titles. Recent offers include those from Microsoft $ 7.5 billion takeover from Bethesda owner ZeniMax, EA acquisition of Codemasters and the purchase by Epic Games of Tonic Games Group (parent of Fall guys Media study).

While Square Enix was quick to denounce the buyout talks, 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 more recent titles like Outriders. But, it is also tied to existing license agreements for its upcoming games, including Forspoken for PS5 and PC.

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