March 28, 2008, Square Haven has ceased updates indefinitely. What you see below is an archived version.

Square/Enix merger back on track

  • Published at 02:14:00 PT
  • Reported by Sharleen Hii
  • Read 20,550 times
  • Karma:  5 
  • Share: link to this page e-mail this page Digg it! Facebook
The dispute between Masafumi Miyamoto, Square's top shareholder, and Enix chairman Yasuhiro Fukushima has been resolved, putting the merger back on track for the start of the new fiscal year. The board members from both companies agreed to raise the share swap ratio to 0.85 (up from 0.81) Enix shares for every 1 Square share. In other words, the Enix side gave the Square side more money. Though still unhappy with the deal, Miyamoto accepted the compromise.


Submit a trackback link

Post a New CommentPlease register or login to comment

Copyright © 1998-2024 Square Haven. This material may not be published or rewritten without crediting Square Haven as the author. Terms of Use

Login here
or cancel
Forgot your password?