Square Enix prepares to increase its surface area
Further acquisitions could be on the table
Square Enix recently paid over £80 million to buy up owners of the Tomb Raider franchise, Eidos, and it looks as though it’s aiming to continue climbing the industry ladder with more acquisitions.
“The combination of Eidos and Square Enix gives us a good platform from which to expand. In that process, we might decide to acquire another company,” Square Enix president Yoichi Wada told the Financial Times.
“In the last five to 10 years, the Japanese games industry has become a closed environment, with no new people coming in, no new ideas, almost xenophobic. It is now slightly behind western counterparts.”
Wada was responsible for rescuing Square Enix from the brink of bankruptcy in 2000, and looks to be taking cautious steps forward as he begins to grow the Japanese development studio, after plans to take over rival Tecmo last year were rejected.
