hot  /  reviews  /  video  /  blogs  /  forum

Square Enix plans for world domination, acquisitions

10:49 AM on 02.01.2008 // Dale North
  @DaleNorth

While I'm a JRPG fan first, and while I love most of what comes out of Square Enix, I've always pictured them as a sort of Shinra Electric Power Company (from Final Fantasy VII) in the making. They started out small, with their Tom Sawyers and their Rad Racers, but they have since grown so big that they one day may take over the government and ruin our cities. Maybe.

The first step in their plan to acquire smaller companies to accelerate growth. Bloomberg says that the company plans to buy up smaller companies at home in Japan, as well as in India and China. Square Enix bought Taito Corp in 2005, but they haven't moved on anything since, so they figure that it's time to get buying again.

"The cycle of buying new companies, improving earnings and acquiring again comes on average every two years,'' said company president Yoichi Wada. "It's been two years since we bought Taito. I think it's time for the next round.''

As big as they've become, they have no interest in anything but videogames and entertainment companies.

"Acquisitions and alliances will be the cornerstone of our growth strategy this year and the next,'' said Wada. "We are an entertainment content provider, so you won't see us buying business software or food and beverage companies.''

Aww. I was looking forward to Barret Burgers and Chocobo Cola. Those will come in time, I guess.

[Thanks, JR] 




 Reblog (or) Blog Reply

Dale North, Former Dtoid EIC
 Follow Blog + disclosure DaleNorth Tips
I am Destructoid's Editor-In-Chief. I love corgis. I make music. more   |   staff directory

Get more destructoid:   We're indie-run, blogging for the love of it, and our site will always be free. Optionally, you can support us and get: (1) Faster pages from our cloud server (3) Wide(r)screen (3) No big ads on Dtoid, Japanator, Tomopop, or Flixist (4) Auto contest entries, and (5) Dibs on betas & downloads. Try it out

 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our moderators, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.


  Around the web (login to improve these)




Back to Top


We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
Pssst. Konami Code + Enter!
You may remix stuff our site under creative commons w/@
- Destructoid means family. Living the dream, since 2006 -