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Square/Enix Official Name Announced

Following a shareholders meeting in Tokyo today, Square and Enix announced the official name of their new merged company: The corporation, which will begin its operations on April 1st, will be called Square Enix. As previously reported, one Square share will be exchanged for 0.85 Enix shares, after Square founder and No. 1 shareholder Masashi Miyamoto successfully pressured the companies to increase the ratio from the initially fixed exchange ratio of 1 to 0.81. While the merger will help to decrease the risk of developing expensive high-profile titles and reduce costs, as Square can now distribute its games through Enix rather than Sony Computer Entertainment's channels, the harmony within the new company has been repeatedly questioned.

Final Fantasy X-2, Star Ocean: Till The End of Time for PlayStation 2 and Dragon Quest Monsters: Caravan Heart for GameBoy Advance will be the last titles published separately by the two companies. The first title published by Square Enix will be the Final Fantasy XI expansion disc, Jirat No Genei.


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Updated:
02.13.03 - 1:17 PM
Chris Winkler




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