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Enix Buys/Merges with Square!
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Posted: 26th November 2002 16:45
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  Posts: 612 Joined: 1/1/2001 Awards:   
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GamesAreFun.com reports that Enix has purchased Squaresoft, and that Square & Enix have merged to form a new company called ''Square Enix,'' headed by Square President Yoichi Wada.
To any RPG fan, this is GIGANTIC news. Square and Enix are the two biggest RPG developers in the world today, and have been in competition with each other for years, mainly because of Square's ''Final Fantasy'' series and Enix's ''Dragon Quest'' series. The reason for this huge merger? Square and Enix are merging to cut down development costs, which have become higher in the industry recently. Enix will primarily be the "controller group" of the merger, even though they are the smaller company. Square shareholders will receive 0.81 a share, since it is a larger company than Enix. This merger will help out both companies, as Square has been suffering some huge losses since releasing the Final Fantasy motion picture, and Enix has never really been big in America. Thus, this merger will help to soothe Square's profit losses and help establish Enix in the States. Once again, Square Enix will be presided over by Yoichi Wada of Squaresoft, and the chairman of the company will be Enix's representative director chairman, Yasuhiro Fukushima. The merger is set to take place on April 1st, 2003, the fisrt day of the new fiscal year. Source: GamesAreFun.com |
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Post #5382
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Posted: 26th November 2002 16:46
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How will this affect SqEA, I wonder? Seems like it would mess up that little symbiotic affair.
-------------------- "To create something great, you need the means to make a lot of really bad crap." - Kevin Kelly Why aren't you shopping AmaCoN? |
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Post #5383
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Posted: 26th November 2002 19:36
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Posts: 612 Joined: 1/1/2001 Awards:
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From what I hear it won't affect either company's current projects. The main point of the two companies merging is to save Square some money and get Enix established more in the States.
Of course, there will probably be a few "Square Enix" games in the future as a result of the merger. |
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Post #5393
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Posted: 4th December 2002 23:41
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 Posts: 502 Joined: 6/6/2002 Awards:
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i think a better name for it should be "Squarenix".
-------------------- Why do kamakazi pilots wear helmets? |
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Post #5598
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Posted: 3rd January 2003 14:15
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 Posts: 8 Joined: 31/12/2002
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this IS huge!!! i wonder if along with their two leading searies (ff and dq) they will creat a combonation series.... or maby concepts from one will be included into the other.... well, we'll have to wait and see.......
-------------------- ~as leader I remain aware~ a~s they all sleep~Â ~I see my breath in the freezing air~ ~but no one really seems to care~ ~~~~~~~~~~~~~~~~~~~~~~~~ |
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Post #6442
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