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Square Enix Debunks Acquisition Speculation Following Report Alleging Interest by Potential Buyers

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Square Enix Debunks Acquisition Speculation Following Report Alleging Interest by Potential Buyers

Following a report alleging acquisition interest in Square Enix, the company firmly shoot down speculation with a press release.

Today Bloomberg published a report alleging that “multiple potential buyers” had shown interest in acquiring Square Enix or part of its business.

The rumor cited two anonymous “bankers familiar with the situation.” Of course, several media sources immediately picked up the report, fueling the usual speculation mill.

Square Enix itself reacted rather quickly after the rumor started affecting its stock price, firmly shooting down the speculation with a brief press release.

The announcement clearly states that the company is not considering selling any part of its business and has received no offers in that direction.

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.

Twinfinite declined to report the rumor when it started spreading as we do not usually speculate on the basis of anonymous sources.

Square Enix has reported growth for both profit and revenue over the past nine months, and that music isn’t likely to change with the full-fiscal year report expected next month.

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