Calm down and put your money away, because Square Enix is not for sale. The studio released a statement today denying any negotiations with so-called interested buyers. Square Enix’s statement comes in response to a Bloomberg Japan report earlier this morning, which claimed that the video game company received multiple offers.
Square Enix disputed the claim with a quick public statement. “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,” the statement read. “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.”
There you have it. Square Enix has no plans for any acquisition deals, and it sounds like it won’t budge on that matter for some time. For those who missed the rumor this morning, Bloomberg Japan cited a report from CTFN stating that Square Enix had “several potential buyers” knocking at its door, according to two unnamed bankers.
Cause and effect
Square Enix quickly disputed Bloomberg‘s claim, but the report still had an effect. According to Kantan Games’ Dr. Serkan Toto, Square Enix stock shot up by almost 14% just after Bloomerg‘s report. “And yes, that’s a lot for such an already large company on a single day,” Toto added. To be exact, today’s rise in stock was the highest the Final Fantasy maker had seen in several months.
There may have been a method behind this rumor, as analyst David Gibson suggested. He believes it may be “bankers trying to drum up business” for Square Enix after its not-so-well-received Marvel’s Avengers game release last summer. Of course, that’s just one theory, so no one can say for sure if there really was an underlying motive. All we do know is that Square Enix isn’t up for sale and it probably won’t be anytime soon.