Square Enix denies rumors that it is up for sale
Updated Apr 20, 2021;
Posted Apr 20, 2021
Gaming company, Square Enix, has denied recent rumors that it is considering acquisition offers. (AP Photo/Jae C. Hong, File)AP
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Square Enix has denied recent rumors that it is up for sale.
The Japanese gaming company which is best known for creating video game hits such as the “Final Fantasy” and “Kingdom Hearts” series released a statement on Friday denying that there were any talks of a potential acquisition of the brand or any of its assets.
Games Radar explains how these rumors surfaced from a report published by Bloomberg Japan claiming that Square Enix had received interest from a number of parties looking to buy the company. However, Games Radar additionally notes how Bloomberg Japan failed to list the names of any of these buyers.
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Square Enix this week deigned to respond to industry rumors following the publication of a Bloomberg report. According to the company, reports of its potential sale have been greatly exaggerated. Square Enix is not for sale.
The report from Bloomberg Japan is a short one and cites a CTFN report. According to both of these articles, two anonymous bankers claim that several companies have shown interest in buying Square Enix. That’s it that’s the report. This may have gotten a bit of traction because the company is said to have lost some money following the relatively muted reception of Marvel’s Avengers. But it was somehow solid enough to cause Square Enix’s stock to rise by 12%.