Final Fantasy Maker Square Enix Denies Rumors That It's Going Private
Square Enix has spoken out to address rumors that it's going private.
Final Fantasy developer Square Enix has denied rumors that the company is considering a private takeover. The September issue of Japanese business magazine Sentaku reported that Square Enix was exploring the option, which led to a 12% rise in the company's stock price on the Tokyo Stock Exchange. However, Square Enix firmly stated that no such discussions were taking place within the organization.
This statement comes at a time when the gaming industry is undergoing significant consolidation, with EA recently being acquired by a Saudi Arabian investment group and taken private.
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