Square Enix ready to acquire in ’08

Talking to


, Square Enix president Yoichi Wada has once again pledged to grow his company globally – but this time added that he expects to buy stakes in game developers in the next year.

Wada confirmed he is already in talks with a number of parties.

"Economies of scale and breadth of scope is getting important. It may be a business alliance or it may be us taking a stake in others, but we need to go beyond traditional Square Enix," said Wada..

"We face competition not only from Japanese videogame companies but from game companies worldwide. We also see some new players from outside the videogame industry coming in."

Last month Square Enix announced it will restructure in order to grow quicker globally.

For the full story, visit MCV sister site Develop.

About MCV Staff

Check Also

PlayStation wants more cross-play in games, says Jim Ryan

Playstation boss Jim Ryan, in an interview with Axios, has revealed that Sony wants more cross-platform play in games, marking a change in stance at the company.