Square and Enix become one
The two biggest RPG Japanese publishers have merged together.
Tuesday, November 26, 2002 - Square and Enix, two legendary Japanese RPG publishers, announced today that the two companies have merged together. The resulting company will be Square Enix, and will start operating on April 1, 2003. Current Square president Wada Youchi will be the president of Square Enix, while Yasuhiro Fukushima will assume the role of chairman of the company. The company will be based in Tokya, in current Enix's offices in Shibuya ward.
(Posted: Tuesday, November 26, 2002, 2:55AM GMT)
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According to the official press releases, the merger will serve to reduce production costs and to increase the development power of the two RPG giants. Project already in development, like Square's Final Fantasy X-2 and Enix's Star Ocean 3, will be not affected by the merger and will be released as planned.
No announcements were made about future projects of Square Enix. Stay tuned for more news.