PS2 News: Square and Enix complete deal - PS2 News

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Square and Enix complete deal

   Square and Enix confirmed today that they will officially be merging April 1, 2003. The company will be known as Square Enix Co., Ltd in Japan and Square Enix USA in North America. Yoichi Wada will be president of the company overseas, as Jun Iwasaki will lead operations for the US-based company. Square Enix has also announced that it will end its publishing arrangement with Electronic Arts on March 31, 2003 and will focus on publishing its own games in North America.


   "As Square and Enix begin the worldwide implementation of the merger, our goals for the North American market will shift to include not only increasing our market share for our franchises, but also expanding the role-playing game market in North America," said Yoichi Wada. "We are currently evaluating the best strategy to accomplish these goals and look forward to growing our business as a new company. We have enjoyed a very successful partnership with Electronic Arts over the past five years and we are currently exploring opportunities for a new relationship."


   "We are looking forward to this new structure in North America," said current Enix president, Keiji Honda. "Together, Square and Enix will deliver a gaming experience that everyone will enjoy. We are committed to developing and marketing innovative, creative and original titles. We hope to accomplish our goals by providing quality role-playing games to gamers in North America."

2/20/2003 Matt Stensrud

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