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Square Enix Open To More Acquisitions

Tom Ivan's picture

By Tom Ivan

April 28, 2009

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Following its takeover of Eidos, Square Enix president Yoichi Wada says that the Japanese publisher hasn’t ruled out making further acquisitions as it looks to gain a greater foothold in western markets.

“The combination of Eidos and Square Enix gives us a good platform from which to expand. In that process, we might decide to acquire another company,” Wada told the Financial Times.

Wada also said that the Japanese game industry needs fresh ideas if it is to keep pace with the the west.

“In the last five to 10 years, the Japanese games industry has become a closed environment, with no new people coming in, no new ideas, almost xenophobic. It is now slightly behind western counterparts.”

Following its £84 million acquisition of Tomb Raider and Hitman owner Eidos last week, Square Enix announced plans to retain the Eidos brand, with the company set to operate as an independent subsidiary.

Raul23's picture
On April 28th Raul23 said:

"almost xenophobic"

Japan? My word.

Indrema's picture
On April 28th Indrema said:

It's interesting about being behind the West. 5 years ago, there's no way Microsoft could succeed without Japanese support. It's crazy how they've become so irrelavent lately.

toadwarrior's picture
On April 28th toadwarrior said:

MS still can't survive any real battle without Japan. They've only got lucky that Sony cocked up.

But even with Sony's cock-up their not that far behind more so considering the 360 has been out longer. Aside from America and, to a lesser extend, the UK. The 360 does not do well at all and that's because, quite frankly, US developers lack imagination and people tire really quickly of space marines and WWII. Which is why it's a Japanese company that is completely dominating gaming in the portable and home markets everywhere.

Aritas's picture
On April 28th Aritas said:

How about they acquire people who can make a main series Final Fantasy game within a reasonable time frame.

toadwarrior's picture
On April 28th toadwarrior said:

By publishing a Tomb Raider game on every platform every 6 months.