RPGFan


Square Founder Complains About Planned Merger

Square founder and No. 1 shareholder Masashi Miyamoto has met with the presidents of Square and Enix to address his objection to the proposed merger between the world's largest producers of RPGs. Miyamoto, who holds a 30% stock in Square, apparently is displeased by the merger agreement under which one Square share is exchanged for 0.81 Enix shares. A rejection of the merger by Miyamoto could pose a serious obstacle to the creation of Square Enix. At a meeting on February 13th, the two companies' shareholders will vote whether to go ahead with the merger as planned thereby paving the way for Square Enix to begin operating on April 1st 2003.

Miyamoto, who currently holds a 30% stock in Square, would only control an 18% stake in the new company, making him second largest shareholder of Square Enix behind Enix founder and chairman Yasuhiro Fukushima.


Back
Updated:
01.10.03 - 10:17 PM
Chris Winkler





Coming Up on Twitch

Chrono Cross
All Week • 5:00pm PDT/8:00pm EDT

Deus Ex: Mankind Divided
Aug 28 • 9:00am PDT/12:00pm EDT

Skies of Arcadia Continues!
Every Monday • 5:00pm PDT/8:00pm EDT

Star Wars: KotOR Continues!
Every Tuesday • 10:00am PDT/1:00pm EDT

Broken Age Continues!
Every Thursday • 5:00pm PDT/8:00pm EDT

Featured Content
Neverwinter
Neverwinter
Review
Bra★Bra Final Fantasy Brass de Bravo 2 Review
Bra★Bra Final Fantasy Brass de Bravo 2
Review
Final Fantasy XV: Kingsglaive
Final Fantasy XV: Kingsglaive "Review"
Editorial
Black Materia Review
Black Materia
Review
The Silver Case Hands-On Preview
The Silver Case
Hands-On Preview
Retro Encounter: South Park: The Stick of Truth - Final Thoughts
Retro Encounter: South Park: The Stick of Truth - Final Thoughts
Podcast
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter