Square Enix was acquired by The Embracer Group earlier today, and fans are curious to learn more about the stock price and market capitalization.
- more: All game IPs acquired by Embracer Group after Square Enix deal
It’s acquisition year, as we’re seeing another big takeover in the gaming industry. After some bold decisions by PlayStation and Microsoft, Embracer Group has joined the fray with its acquisition of Square Enix holdings.
Square Enix Holdings stock price and market value explained
According to the Companies Market Cap website, Square Enix has a market value of approximately $4.80. That means the company is bigger than Bungie, which Sony acquired a while ago. Moreover, if you are looking to buy shares of the company, you can also buy them unlike Bungie shares due to the fact that it was a private company. On the other hand, Square Enix Holdings is publicly listed so you can easily buy stock if you wish.
Square Enix Holdings’ benchmark is SQNXF. So if you want to buy the stock, you need to look for this on the respective exchange. As for the share price itself, it was trading at $39.65 by the time the market closed. Notably, it was down $0.44 at the market close, which is 1% less than its trade value. SQNXF stock has been pretty flat the past few days, and has been fairly flat at the $40 mark.
These acquisitions can either go to the market, not because of the growth prospects for the brand but because of the initial reception by market traders. For example, Activision’s stock has hit a lot, and it’s trading 25% less than what Microsoft concluded. This has led many to believe that the deal will end, but Microsoft is very optimistic about it.
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