Following the trend of acquisitions in the gaming industry set by the mergers between Activision and Vivendi, as well as EA’s attempted takeover of Take-Two, Square Enix president Yoichi Wada has announced plans to invest in rival publishers and developers to combat rising competition from both new and established companies.
“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,” Wada said. “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.”
No specific companies were mentioned.
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