Square Enix, a Japan-based game publishing and development company, announced the sale of part of its assets earlier this week to finance new operations that include blockchain investments.
Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on the development of new businesses more aligned with the refined direction of the company, which includes blockchain, the cloud, and AI as core elements.
On the objective of this sale, the companyThe transaction will assist the company in adapting to the changes underway in the global business environment by establishing a more efficient allocation of resources, which will enhance corporate value by accelerating growth in the Company’s core businesses in the digital entertainment domain.
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