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Playstation/Gaming Discussions => PS3 Discussion => Topic started by: Seed_Of_Evil on January 10, 2003, 10:02:45 AM

Title: Square Enix Merger in Trouble?
Post by: Seed_Of_Evil on January 10, 2003, 10:02:45 AM

Things aren\'t rosy in Square-Enix merger land. According to an article appearing on the Internet service of Japan\'s Nikkei Keizai Shimbun publication, Square primary shareholder Masashi Miyamoto does not agree with the terms of the merger, which call for 1 share of Enix stock to be the equivalent of 0.81 shares of Square stock (this is better for Enix stock holders). Miyamoto has commented that if the current numbers hold, he will cast a negative vote at the shareholders\' meeting to finalize the merger.
Given that Miyamoto holds close to 40 percent of Square, a negative vote from him could spell doom for the merger, and put a quick end to all those dreams of Final Ocean Quest XIII-2.



Link (http://ps2.ign.com/articles/382/382164p1.html)

Title: Square Enix Merger in Trouble?
Post by: Kurt Angle on January 10, 2003, 12:56:54 PM

Looks like he wants a bigger slice of the cake. It will be interesting to see how it turns out.

Title: Square Enix Merger in Trouble?
Post by: ooseven on January 10, 2003, 01:03:13 PM

[closet xbox fanboy mode]
wwwwwwwweeeeeeeeeeeeeeeeee
[/closet xbox fanboy mode]

sorry i though i would do it to me imparcial for once ;)

Title: Square Enix Merger in Trouble?
Post by: kokopuphz on January 16, 2003, 05:41:26 PM

Well, I\'m sure everyone\'s read it somewhere, but it\'s been reported that he did end up getting a little better deal.  The stock ratio has been slightly changed, I believe they agreed 0.85 or something like that.  Supposedly they\'re going to vote on this thing sometime in March or April, and poof, a merger..

Title: Square Enix Merger in Trouble?
Post by: Seed_Of_Evil on January 17, 2003, 09:32:28 AM

Yes, the deal was accomplished yesterday.