Sat, Feb 02, 2008 | 10:39 GMT
Square Enix target acquisitions for growth
Speaking in this Bloomberg report, Square Enix Yoichi Wada president has said he’s looking both domestically in Japan and in rapidly expanding markets such as India and China for companies to acquire as part of an ongoing growth plan.
“Acquisitions and alliances will be the cornerstone of our growth strategy this year and the next,” said Wada. “We are an entertainment content provider, so you won’t see us buying business software or food and beverage companies.”
Taito was the last company bought by Square Enix in 2005. Apparently it’s time to start assimilating again.
“The cycle of buying new companies, improving earnings and acquiring again comes on average every two years,” Wada said. “It’s been two years since we bought Taito. I think it’s time for the next round.”
Fighting talk. Let’s see if you can acquire something to make Final Fantasy XIII happen a bit faster, Yoichi.