Square Enix has reportedly confirmed it’s ‘looking to sell stakes’ in its studios and concentrate resources on Japanese games.
Gibson also noted that, in his estimation, Square Enix’s decision is “extraordinary” because the publisher should have more than enough money to meet its needs without having to sell stakes in its existing studios.
“Square Enix capitalised game dev costs are currently running at $840 million,” he wrote. “But post the / Eidos sale the company will have $1.4 billion in cash and zero debt, which is plenty to fund expanded game investment and not sell down stakes in its studios.”Following the conference call, the publisher’s share price rose, and at the time of writing, is currently 11% higher than its price when the market closed yesterday.had agreed to acquire a large part of Square Enix‘s western development arm for $300 million.
The sale of Crystal Dynamics and Eidos to Embracer Group means Square Enix will be giving up a number of high-profile western IPs, the most notable being Tomb Raider, which suggested that the company intends to pursue a different direction more closely aligned with its latest company goals.
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