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

Final Fantasy XIV: Patch 3.5
Sunday, Jan. 15 • 10am PST/1pm EST

Final Fantasy XV
Every Monday (Starts Jan. 30) • 5pm PST/8pm EST

Shining Force
Every Tuesday • 11am PST/2pm EST

Final Fantasy V
Every Wednesday • 5pm PST/8pm EST

Valkyria Chronicles
Every Thursday • 5pm PST/8pm EST

Suikoden V
Every Friday • 5pm PST/8pm EST

Featured Content
Piano Collections: Chrono Trigger Review
Piano Collections: Chrono Trigger
Review
Steins;Gate 0 Review
Steins;Gate 0
Review
Rhythm Encounter Interlude 2
Rhythm Encounter Interlude 2
Podcast
Ray Chase Interview
Ray Chase
Interview
Retro Encounter 22: Rogue Legacy
Retro Encounter 22: Rogue Legacy
Podcast
Atelier Shallie Plus: Alchemists of the Dusk Sea Review
Atelier Shallie Plus: Alchemists of the Dusk Sea
Review
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter