Square Enix reveals its plans to establish new studios and acquire others

Just weeks after confirming it was selling off its western studios and IP to Embracer Group for $300m, Square Enix has revealed plans to “establish new studios” and acquire others.

The news came as part of Square Enix’s financial results, which also revealed the company had been kept afloat thanks to Final Fantasy 14.

The news came as part of the company’s recent financial presentation, which revealed that one of Square Enix’s “medium-term business strategy” initiatives is to “boost game development capabilities by establishing new studios, [mergers and acquisitions], etc.”