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May 20th, 2008 @ 08:01
Square Enix president Yoichi Wada has yet again said the firm is considering buying stakes in rival games companies to stave off competition both in Japan and abroad.
“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,” he said, speaking at the Reuters Global Technology, Media and Telecoms Summit in Tokyo.
“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.”
Wada made similar statements in February this year, telling Bloomberg, “Acquisitions and alliances will be the cornerstone of our growth strategy this year and the next. We are an entertainment content provider, so you won’t see us buying business software or food and beverage companies.”
So get on and buy something already, Yoichi. It’s just talk, talk, talk with you, isn’t it?
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But yeah, good point.
May 20th, 2008 at 8:39 am
It’s just like a proper RPG! I think you have to hit X about fifty times before he’ll actually do something, Pat.
May 20th, 2008 at 8:42 am
I hope he buys Sega, or something. That’d be like the business equivalent of summoning Shiva.
May 20th, 2008 at 9:00 am
In that they start out really powerful and then become utterly useless as you go along?