|Former Square boss calls merger "a complete failure" between Square and Enix|
|Posted: 08.11.2012 13:34 by Simon Priest||Comments: 1|
Hisashi Suzuki, former president of Square, is less than impressed by the result of 2003's merger between Square and Enix. He grimly remarks the company has "no vision for the future."
This comes after losses of nearly ¥5.5 billion are posted, seeing the Square Enix stock price plunge with a market cap of ¥124 billion. Suzuki-san points to Square's 2003 cap of ¥150 billion.
"The Merger is a complete failure," he . "There is no vision for the future." The former boss referenced a news piece on losses and higher development costs.
Hisashi Suzuki served as a director for Square Enix between 2003 and 2005, but now holds directorship at SEGA. Still it's not all gloom for Square Enix, at least in their line-up, thanks to the stellar Sleeping Dogs that handsomely paid off. Then there's Hitman: Absolution due in two weeks with critics already praising the heck out of it.
The big test for Square Enix comes next year in March when the rebooted Tomb Raider releases.