New game releases of May 20-26
Killzone: Mercenary shoots onto Vita on September 10
Trion Worlds hit with more layoffs, Defiance team impacted
Ratchet & Clank: Full Frontal Assault defending Vita next week
Game & Wario was originally going to be pre-installed on Wii U
Former Square president calls Enix merger 'a complete disaster'
by Steve Watts, Nov 09, 2012 3:00pm PSTSquare Enix isn't the powerhouse publisher it once was. Missteps like Final Fantasy XIV's troubled launch have led to somewhat of a reputation drop for the Japanese company, and recent quarter reports showed a loss of 5.5 billion yen (approximately $69 million). A former executive of Square has criticized the company, citing its Enix merger and lack of vision as the cause of the troubles.
"The merger is a complete failure," former Square president Hisashi Suzuki said on Twitter (via Develop). "There is no vision for the future."
Suzuki himself was president at Squaresoft, then served as a director at Square Enix for two years following the merger. He pointed out that when the merger first happened, the market cap was at 150 billion yen, but has now posted a market cap of 124 billion yen.
Comments
Former Squaresoft president Hisashi Suzuki has called the company's merger with Square Enix "a complete failure," and said that the company lacks a "vision for the future."
Former Squaresoft president Hisashi Suzuki has called the company's merger with Square Enix "a complete failure," and said that the company lacks a "vision for the future." : Shacknews
Thread Truncated. Click to see all 34 replies.
You must be logged in to post.