Square Enix intends to acquire and establish new studios

Square Enix intends to acquire and establish new studios

Japanese publisher Square Enix has said that acquiring and setting up new developers is part of its business strategy for the coming years.

That's according to the results briefing session for the year ending March 31st, 2022, in which it said that wanted to "boost game development capabilities" buy establishing new studiosor coming by them via M&A activity.

Square Enix also said it was looking to hire a new chief publishing officer to strengthen this side of its business.

This comes hot on the heels of the Japanese firm selling its Western developers to Embracer Group. The Swedish company snapped Crystal Dynamics, Eidos Montreal and Square Enix Montreal, alongside IP including Tomb Raider and Deus Ex, for a cool $300 million.

The proceeds of this transaction are seemingly being used to fuel Square Enix's ambitions on web3. It's possible that this is the sector it wants to establish studios for.

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.