Earlier today, Square Enix sold Crystal Dynamics, Eidos Montreal and Square Enix Montreal to Embracer Group for $300 million. The acquisition caused a lot of uproar throughout the video game industry, and many critics expressed surprise that Square Enix was willing to abandon the studios for a relatively small number. Well, if the rumors are to be believed, there may be a reason behind the sale: Square Enix may be streamlining the company before the sale. Venture Beat’s Jeff Grubb has studied the possibility, saying tonight that he’s heard rumors that PlayStation might be looking to acquire Square Enix.
Grob said he couldn’t confirm anything he’d heard about a potential sale, only that he’d heard rumors, and thought Square Enix might be preparing for a takeover. Acquisitions tend to be very secretive, as there are significant legal implications; There’s a reason why announcements like Microsoft’s purchase of Activision Blizzard is such a big surprise. Raw tweets from Grubb can be found embedded below.
Yeah. I’ve said this a thousand times, but there’s always someone who hears it for the first time: We don’t really hear enough to report acquisitions with any certainty. The Sony Square acquisition was the big rumor. But I cannot confirm that. And I still don’t know. pic.twitter.com/5ZKJruszCE
– Jeff Group (@JeffGrubb) May 3, 2022
Unfortunately, there is simply no way to know how true these rumors are. While Sony and Square Enix have a history going back to the days of the original PlayStation, the latter company continues to release a slew of games for the Nintendo Switch and Xbox. PlayStation has paid for the timed exclusivity of games like Final Fantasy VII RemakeIt’s not hard to imagine franchises like Final Fantasy and Kingdom Hearts becoming full-on PlayStation exclusives, if those rumors are true. PlayStation has also indicated that it plans to spend more money on acquisitions this year, following its purchase of Bungie.
For now, readers should take all this with caution. It’s possible that Square Enix was looking for other potential buyers, and it’s also possible that the publisher was simply looking to simplify their operations. Square Enix had previously indicated that it was not satisfied with the sales of games like Marvel’s Guardians of the GalaxyIt is possible that the company wants to move in a different direction. For now, fans of the publisher will only have to see what the future holds.
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