informa
/
1 MIN READ
News

Square Enix Considering Studio Acquisitions

Square Enix president Yoichi Wada has admitted that the company is considering acquiring a stake in external developers, as part of plans to increase the company’s global business, revealing a potential acquisition budget worth $9.2 billion.
Speaking at a technology, media and telecoms summit in Tokyo, Square Enix president Yoichi Wada has admitted that the Japanese publisher and developer is considering acquiring a stake in external developers. As quoted by news agency Reuters, Wada commented: "Economies of scale and breadth of scope are getting important. It may be a business alliance or it may be us taking a stake in others, but we need to go beyond traditional Square Enix.” "We face competition not only from Japanese video game companies but from game companies worldwide. We also see some new players from outside the video game industry coming in," he added. In September of last year Square Enix attempted to clarify comments made by senior vice president Michihiro Sasaki, which seemed to imply that the company was looking for new partners in the U.S. and Europe to create local content. This was later downplayed and presented as a more general desire to increase the company’s business outside of Japan. Speaking this week, Wada answered a question as to whether the company was currently in talks by saying, “That's part of a CEO's job. That's part of our routine work." He also indicated that although the company has no fixed budget for investing in other companies management is allowed to issue around 290 million additional shares (worth around $9.2 billion) without shareholder approval. "I'm not suggesting we are going to use up all that. But we have a capacity to do that," said Wada.

Latest Jobs

Cryptic Studios

Remote
1.19.23
Senior Producer

Night School Studio

Los Angeles, CA, USA
1.09.23
Level Designer / Scripter, Games Studio

Fast Travel Games

Hybrid (Stockholm, Sweden)
1.09.23
Social Media / Community Manager
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more