Gaming powerhouse Square Enix recently saw its stock value climb following reports suggesting the company was exploring the possibility of going private. A Japanese business magazine, Sentaku, initially published claims that the publisher, recognized for its beloved Final Fantasy franchise, was potentially in discussions regarding a deal with foreign investment funds. This speculation resulted in a significant 7% rise in Square Enix’s shares.

Despite the market’s positive reaction to the rumors, Square Enix has moved quickly to dismiss them. The company issued an official statement denying any exploration of private ownership or an impending buyout. This denial clarifies the current position of the development studio and aims to put an end to the recent speculation. This article draws on reporting from GameSpot.

Source: GameSpot – All News