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Sony stock sale is Square Enix returning a favour, says producer

Tuesday, 13th May 2014 03:17 GMT By Brenna Hillier

Sony’s decision to sell its entire stock in Square Enix is a deal hashed out between the two companies, according to producer Shinji Hashimoto.

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Speaking at Comic-Con in Thiland, as translated by Mognet Central, Hashimoto said he didn’t expect the deal to become news.

“Back in 2001, Square Enix had financial problems and Sony bought our stocks. Now, the situation is reversed. Since then, we have had good support from our customers for our products, so Square Enix is back on its legs,” he explained.

“But Sony has declined. The presidents of both companies had negotiation and resulted as everyone knew. We did not have argument. Since Sony once helped us, it was time we helped Sony back.”

Hashimoto was asked whether Final fantasy 15 and Kingdom Hearts 3 will be on show at E3 2014, but said the publisher is keeping that a secret. It seems pretty likely since both showed up last year, though.

Thanks, Gematsu.

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3 Comments

  1. jomac3db

    Just don’t make us wait another year for this game which that’s what it looks like

    #1 6 months ago
  2. wally10975

    Well at least they said they’re keeping it secret, and not wishing for us to be excited again…

    #2 6 months ago
  3. salarta

    I find this statement dubious. Sony may be having some difficulties, but Squeenix is having difficulties as well. It’s at the point where unlike Sony, Squeenix’s former president had to step down, and there’s still mixed reports about Squeenix’s current state. One report says there’s some profit, another says there’s a no profit forecast; better than losses, but hardly a true righting of the ship.

    My personal educated guess is that Sony needed the money and would’ve done at least some of it regardless, but they talked with Squeenix to work it out.

    #3 6 months ago

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