Square Enix Shares Jumped On Buyout Rumors, But The Company Says It’s Not Happening
Square Enix Shares Jumped On Buyout Rumors, But The Company Says It’s Not Happening https://ift.tt/C5y4Dpa Following a report that Square Enix was potentially exploring going private, the company behind hit franchises like Final Fantasy has released a statement denying the claims. Japanese business magazine Sentaku originally reported that Square Enix was exploring this possibility and that foreign investment funds were rumored to be interested in a deal, which saw Square Enix's stock rise by 7%. "The September issue of the monthly magazine Sentaku carried a report regarding the possibility of Square Enix. (the Company) going private," Square Enix wrote in a press release. "However, this information was not announced by the Company. No consideration is currently being given within the Company to taking the Company private." Even if Square Enix were to change its mind, buying back all shares wouldn't be cheap. Depending on daily stock fluctuations ...
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