Square Enix shoots down acquisition rumours

Square Enix shoots down acquisition rumours

Japanese publisher Square Enix has denied reports that it is up for sale.

In a statement on its investor relations page, the company said that Bloomberg Japan's story claiming that it was being eyed up for acquisition by a number of outfits was incorrect. The outlet cited bankers "familiar with the matter."

Square Enix has come out and said that not only is it not for sale; the company has not received any acquisition offers.

"However, this report is not based on any announcement by Square Enix Holdings Ltd," the firm wrote.

"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."

This comes at a time of huge M&A activity. Earlier this year, Microsoft was given the nod to acquire Bethesda parent company ZeniMax Media for a whopping $7.5 billion, while European giant Embracer snapped up Borderlands maker Gearbox in a deal worth $1.3 billion

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.