Late last night, reports from Bloomberg Japan indicated that Japanese developer Square Enix was looking for a buyer, with several parties interested in a sale. Shortly after, Square Enix released a statement about the rumour, indicating that was in fact, not the case and they were not looking to sell the company.
“Bloomberg has reported today that there is interest from several buyers to acquire Square Enix,” said Square Enix in a statement. “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.”
Unsurprisingly, news that potential buyers were interested in purchasing Square Enix led to its stock rising on the Tokyo Stock Exchange at +13.80%.
Following today's M&A rumors, Square Enix stock just went into the lunch break at the Tokyo Stock Exchange at +13.80%.
(It's 11:40am Friday here in Japan.)
And yes, that's a lot for such an already large company on a single day.
— Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) April 16, 2021
While Square Enix says that the rumours are untrue, they have been beneficial for the company with shares rising so high early Friday morning. If anything changes, I’ll be sure to update accordingly.
