Square Enix Report Says The Company Could Be Preparing For Acquisition By Playstation

Earlier today, Square Enix sold Crystal Dynamics, Eidos Montreal, and Square Enix Montreal to Embracer Group for $300 million. The acquisition has caused a lot of buzz throughout the video game industry, and many pundits have expressed surprise that Square Enix was willing to part with the studios for a relatively small figure. Well, if rumors are to be believed, there could be a reason behind the sale: Square Enix could be streamlining the company ahead of a sale. Venture Beat’s Jeff Grubb has weighed-in the possibility, stating tonight that he has heard rumors that PlayStation could be looking to acquire Square Enix.

OK. I’ve said this a thousand times, but there’s always someone who is hearing it for the first time: We never really hear enough to report on acquisitions with any certainty. Sony acquiring Square was the big rumor. But I CANNOT confirm that. And I continue to not know. pic.twitter.com/5ZKJruszCE