Square To Merge With Enix

SquareAMP writes "The makers of the 'Final Fantasy' video game series will be merging with the makers of the 'Dragon Quest' series to produce an RPG powerhouse to be re-named Enix Square Co. Reuters has all the details of the planned merger, that includes the dismantling of Square's assets and absorption into Enix. For Square fanboys fearing that this may ruin their favorite RPG company, Square's current CEO Yoichi Wada will be running the combined entity."

Comments

Did you read the article ?

[sweede]

Here's the story from Yahoo

"Under the accord, 0.81 Enix share will be exchanged for one Square share, with Enix emerging as the surviving entity. "

and

"The postmerger entity, to be called Square Enix, "

while you where correct in that Enix is going to absorb square assets,

"Square, in its current company structure, will be disbanded, and (on paper, anyway) Enix will absorb Square's assets and liabilities. However, Yoichi Wada, current president of Square, will head up the new company, suggesting that Square will have more power than Enix in the merger's final structure. "

all of this was also repeated here

Re:Could be called the "shaft Sony" merger

[Anonymous Coward]

Huh? The Square and Nintendo fallout came years before The Spirits Within. It actually goes back to the N64 and Nintendo's decision to use cartridges instead of the CD format. Square, who was already planning to make a FF game for the 64 (there were already screenshots), dumped Nintendo and went over to Sony. The feud was only beginning though. Ads for Final Fantasy 7 made the point that a cartridge-based system had no chance of making such a beautiful game. Worse though, and this only became widely known this year, they convinced Enix to dump Nintendo as well. The bad blood lasted until early this year, when Nintendo struck a deal to bring Square games back to Nintendo consoles. Of course, the millions lost on the movie probably had something to do with that, but not everything.