Square Enix Unambiguously Denies Reports it’s Being Bought Out

The company says it has no plans to sell its business to someone else.

Last night, Bloomberg Japan reported that multiple potential buyers were hovering around Square Enix, publisher of franchises such as Final Fantasy, Life is Strange, and more recently Outriders, looking at a possible acquisition. The report sparked discussions online of whether or not it could be one of the console manufacturers, as Sony, Microsoft, or Nintendo would gain a huge boon if any of them suddenly had Square’s output all to themselves. And given that Microsoft acquired Bethesda, such a purchase isn’t unheard of as recently as this year.

However, it looks like the report was false, as Square Enix has denied any such acquisition is in the works. In a statement issued through the company’s official website, the publisher said that it isn’t partaking in any acquisition talks, and isn’t considering selling off any part of its business.

Bloomberg has reported today that there is interest from several buyers to acquire Square Enix. 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.

In other news:

This is honestly for the best. Microsoft or Sony buying out Square Enix and sequestering all its studios’ work to their console is a nightmare scenario. And the recent trend of acquiring studios that were already working in a multiplatform, third party capacity has been worrying, as any company becoming a gaping maw that consumes various companies in the industry would be.

Last month, Square Enix held a “Square Enix Presents” presentation, where it showed off new games, including the next entry in the Life is Strange series.

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Kenneth Shepard

Kenneth is a Staff Writer at Fanbyte. He still periodically cries about the Mass Effect trilogy years after it concluded.

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