Square Enix splits with IO Interactive.

[George P Global Moderator]

In 2009, Square Enix took control of Hitman developers IO Interactive. Today, the two companies part ways.

 

Square initially assumed ownership of IO when it bought Eidos Interactive, IO’s parent company. But in a statement released today, the Japanese publisher says “to maximize player satisfaction as well as market potential going forward”, they have “regrettably decided to withdraw from the business of IO INTERACTIVE”.

 

“As a result of this the Company started discussions with potential new investors and is currently in negotiations to secure this investment”, Square’s statement adds. “Whilst there can be no guarantees that the negotiations will be concluded successfully, they are being explored since this is in the best interests of our shareholders, the studio and the industry as a whole.”

 

Source.