Enix And Square To Merge.


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Gamers.com article, thanks to TruBD

His topic is the reason I posted these additional articles here.

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Here's the article from 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. [1:30 am (RIGHT ABOUT NOW) eastern standard time] about the details of a merger today. This pattern will be carried later on.

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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]

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From 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)

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From Reuters:

"UPDATE 1-Japan game makers Square , Enix to merge

11/25/2002 11:39:46 PM

TOKYO, Nov 26 (Reuters) - Japanese game software makers Square Co Ltd and Enix Corp (JP:9684) said on Tuesday they planned to merge in April to pool resources and technology to allow them to better compete in the rapidly changing video game industry.

The deal would be worth about 88.79 billion yen ($727 million) at current share prices.

Under the deal, one Square share will be exchanged for 0.81 share in Enix. Enix will issue 48.76 million new shares to swap existing outstanding shares in Square.

Square shares were up 8.28 percent at 2,040 at 0434 GMT. Enix shares were untraded at 1,821 yen with bids at 2,045.

Japanese video game software makers are facing rising development costs to create new games for advanced gaming systems in a heavily saturated domestic market.

Enix, known for its blockbuster Dragon Quest" games, and Square, creator of hit "Final Fantasy" role-playing games, enjoy solid sales from these million-seller titles but they also make profits vulnerable to sudden shifts in demand.

"In order to defy stiff competition in the game market and to survive for a long term, we thought it would be the best to join our forces," Enix director Tatsuo Tomiyama told Reuters.

Square, which lost 16.6 billion yen after an unsuccessful foray into movie-making last year, is now owned 18.6 percent by Sony Corp (JP:6758) , which makes the powerful PlayStation 2 game system.

Square spokesman Hideki Tsuchiya said the game creator expected to win approval for the merger from shareholders including Sony as the two companies have little duplication in their operations and the merger was expected to create synergy.

Enix and Square, along with another gamemaker, Namco (JP:9752) , agreed last year to collaborate on operations.

The company officials said the latest deal would not include Namco. ($1=122.06 yen)"

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Here a Japanese pdf that supposedly mentions this too. I don't have Japanese support in Acrobat and don't feel like installing it so I can't check myself.

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IGN has posted an article

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A couple of pics of the event from this article:

Edit:The URL to the pics changed. SO I've removed them from this post.

Edited by Danrarbc641
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hey D...any word/news/rumours on whether or not GC will see a Dragon Quest/Warrior game?

It's unlikely, but then again so was a Final Fantasy game on the Gamecine but that happened.

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hey D...any word/news/rumours on whether or not GC will see a Dragon Quest/Warrior game?

There are rumors. But nothing concrete.

There is just the correlation between Nintendo's December "megaton" announcement, the magazine that first mentioned it, and the new Dragon Quest being formally announced at a festival organized by that magazine.

Beyond that there is really no fuel to the fire, other then the fact that Enix is being uber secretive about it, a Nintendo trait.

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