Square and Enix climbs back
Masafumi Miyamoto officially announced today that he will support the merger between Square and Enix. Miyamoto holds a 40% interest in Square and had previously opposed the deal. However, he has changed his position now that the terms have been altered, and we can expect a vote very soon.
"I am not is not happy with the figure, but I will accept it," he told a reporter. "I plan to vote for it in an upcoming shareholders meeting. I expected the ratio to be between 0.87 and 0.88, but decided give my approval after hearing that 0.85 was the highest it could go within any rational explanation," Miyamoto said.