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Square Enix releases acquisition rumors after report boosts its stock

Square Enix responded to a report about it potentially looking for a buyer.

This morning, a report from Bloomberg Japan revealed that a number of consumers have expressed interest in acquiring Japanese giant Square Enix .

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The brief report cited unnamed banking sources, which could not tell if consumers were only interested in the business of Square Enix games, or the company as a whole. The news was somewhat surprising, and enough to boost the company’s stock price by 13.80% on the Tokyo Stock Exchange by noon.

In an unusual move, Square Enix actually responded to the report, outright rejecting the Bloomberg report. In a statement [PDF] (via published by Dr. Serkan Toto ) this afternoon, the publisher of Final Fantasy said it was not looking to sell, nor had it received offers from third parties. party.

"Bloomberg has reported today that there is interest from many buyers to acquire Square Enix. However, this report is not based on any announcement by Square Enix Holdings Co., Ltd.," the statement read.

"We are not considering selling 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 the businesses."

Square Enix is working on a number of highly anticipated, high -profile games. There will be Final Fantasy 7 Remake Intergrade in the near future (and the in-development sequel), Final Fantasy 16 a little more, and the so-called Forspoken. The company’s Western publishing arm is also responsible for Marvel ' s Avengers and most recently, Outriders.

Square Enix's post shot up rumors of the acquisition after boosting the report that its stock first appeared on VG247.

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