~Square-Enix Merger~

[GameKinG]

Famitsu:

News flash! ENIX and Square announce a merger!

November 26, 2002


- A new company name is ENIX, Square!


ENIX and Square announce a merger! A new company name is "SUKUUEA ENIX"!!

Square and ENIX announced that it resolved that both companies merged by each board of directors held on November 26 today. The trade name of a new company plans "ENIX, Square, Inc.,." It is a thing that April 1, 2003 becomes a merger date. It is the most important subject of a company how growth is continued, while according to the release both companies set at the serious leather term of the future entertainment industry which makes a background rapid innovation of "computer technology or communication environment and spread about the purpose of this merger and an enterprise opportunity, a deployment domain, and a market are increased and diversified increasingly. It is commented that a reply of ENIX to this subject and Square is this merger."

In addition, the schedule to which a press conference is held in the city of Tokyo from 3:30 p.m. about the details of a merger today. This pattern will be carried later on.

Yahoo Japan:

ENIX and Square -- it merges in a prospect on April 1, next year

[Tokyo 26-day Reuters] It was announced that ENIX <9684.T> and Square <9620.T> merge around April 1, 2003. The name of a new company is "ENIX, Square," and makes ENIX a surviving company.
0.81 stocks of ENIX stocks are assigned to one stock of Square stocks with a merger.
For ordinary profit to change 80 billion yen and a current income is likely for the term consolidated sales ended March, 2005 of a new company to change to 15 billion yen 27 billion yen. (Reuters)
[Renewal of 12:22 on November 26]

Nikkei:

It will be merger" in ENIX and Square "next year 4 month.

ENIX and Square, a major game company, announced on the 26th that they merge on April 1, next year. A merger of major game makers is the first. Competition is intensifying by increase of development expense, or an overseas maker's rise, and the game industry strengthens a profit base while heightening development power by merger.

A new company name is "ENIX, Square," and a surviving company is ENIX. 0.81 stocks of ENIX stocks are assigned to one stock of Square stock. A merger new company will expect the consolidated sales of 80 billion yen, and net earnings of 15 billion yen at the term ended March, 2005.

Square is holding "Final Fantasy" and ENIX is holding the "Dragon Quest" series and popular software. Failure of a movie enterprise is echoed and Square will fall to the consolidated net loss for two consecutive terms by the first half. Management -- the Sony group takes over capital increase -- was getting worse. On the other hand, since achievements were large and ENIX was changed by the existence of hot-selling product "DORAKUE" sale, strengthening of a profit base was years of subject. (12:25)

Thoughts?