'Enix' & 'Square' Announce Merger
by Rainier on Nov. 26, 2002 @ 6:05 a.m. PST | Filed under News
Noticed on GamePRO that Enix announced early today that, effective November 26, they will begin to merge operations with Square to form Square Enix, a brand-new company created to compete in the world gaming marketplace on the same level as America and Europe's large third parties. The two companies aim to complete the merger by April 1, 2003 and will aim to build a new firm that will produce 80 billion yen ($656 million) in sales and 15 billion yen ($123 million) in profit by fiscal 2005.
