Remember when There has been a lot of talk regarding the acquisition of Sonyspecifically industry veterans Jeff Grob and Greg Miller? Both of them were talking regarding Square Enix. “When I talked regarding the three rumors I heard, and one of them was an acquisition, these are the rumors I heard,” Miller finally revealed in one of his episodes. Note: I love you Audio notation. “I heard that PlayStation was acquiring Square and I heard that from several different sources.”
How, then, this rumor was doing the rounds but Didn’t hear a peep About buying the Embracer Crystal Dynamics et al set? Miller hypothesizes that some wire may have been bypassed: “Was it that Square was trying to sell their Western studios and that was the rumor?” Take everything with a grain of salt. That’s what I heard, though, that PlayStation was trying to buy Square”.
As Miller rightly points out later in the podcast, anything is possible in this age where publishers love Activision Blizzard Acquired for Approximately $70 Billion. But here’s the thing: When acquisitions actually happen in the industry, we just Start Find out when the ink dries. That’s because business deals of this magnitude are mired in numerous non-disclosure agreements that are unimaginable to “insiders” on social media.
In other words, the next time you see a major rumor regarding buying a large company, we recommend that you approach it with the heavy help of skepticism.
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