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 What you see below is an archived version.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 20,417 times
  • Karma:  5 
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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.

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