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Square Enix refutes takeover rumors

A spate of recent game studio acquisitions has led many to speculate on who will be next. Well, it probably won’t be Square Enix. Japanese studio is Rejected Reports Claiming that It was being circulated by many potential buyers. In a statement released today, Square Enix categorically denied that it was sluggishing a sale or was approached by interested parties.

The company stated, “We do not consider selling the company or any part of its business nor have we received any proposal from any third party to acquire the company or any part of its business.”

The rumor seems to have 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 This may be the case of bankers, after which an attempt was made to promote the business of Square Enix. Marvel’s Avengers Weak sales post. Tokyo-based consultant Drs. Serkan Toto said The company’s stock jumped nearly 14 percent due to rumors.

At the same time, consolidation has pervaded the gaming industry as key players look to promote their digital stores and enhance subscription services for exclusive titles. Recent deals include Microsoft’s $ 7.5 billion acquisition of Bethesda owner Xenimax, EO’s Codmasters and Epic Games’ purchase of Tonic Games Group (parent acquisition). Fallen people Studio Mediatonic).

Although Square Enix was quick to buckle of takeovers, it is easy to see why it would be an attractive target. The company’s assets include end franchises and permanent franchises such as Kingdom Hearts and new titles People outside. But, it is also tied to existing licensing agreements for its upcoming games Forcepoken For PS5 and PC.

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