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This

Or you could be like Disney and trade a sports Commentator for Oswald lol

and then proceed to do nothing with him

Big Conglomerate Inc. buys small developer for 2 billion dollars.

Big Conglomerate Inc. makes back that 2 billion on it ten-fold over a period of 10 years.

Competing Conglomerate Inc. looks at that and offers 20 billion dollars to buy small developer from them. Thinking they could probably make even more by deploying their own strategies.

Big Conglomerate Inc. is happy with that since they've made so much money already anyway, and they're not seeing how they could increase those earnings even further. And Competing Conglomerate obviously isn't gonna share their plans, so they decide to take the deal.

This happens way more often than you might realize.

I would argue it happens at least every 3 or 4 months

Definitely several times a fiscal quarter, for sure.

Indeed. Though mostly at smaller scales than my example below.

Indeed, yes

A 20-billion dollar sell-off of a subsidiary will create headlines.

And like you said while Square isn't the hugest company out there, at least here, that's big news.

Not just for FF, KH, or DQ, they're one of the pillars of Japanese game developers

And I don't know everything about it but I heard Sony really pissed off the Japanese market sometime ago

For the record. Square Enix acquired Eidos (and Crysital Dynamics) for about 104 million dollars.

And now they're selling them for 300 million dollars.

Which is in line with my point above.

I still think 300 million is a low-ball considering how much the video game market has grown in the past decade, but hey. 3x still ain't bad.

more like jim ryan pissed off japan

Imagine having that on your résumé.

"I singlehandedly pissed off an entire country with 126 million people."

...

"And I'm not even a politician"

also i seen evil dead: dr strange edition

yeah alot of that is he dont care

So like, what'd he do? Not to get political lol but I'm hella curious- there a cliff notes version?

he closed down few japanese studios and pissed those off

Understandable tbh

I've never understood why companies choose to close down subsidiaries instead of just selling them off on the cheap.

I figured there's gotta be some tax right off kind of shit to it, right?

I don't know a lot so I'm not gonna guess lol

ehhh

Yes, they can write off losses, but that write off is only a certain percentage of said loss.

Usually, closing down a subsidiary means liquidating its assets. But when factoring in dept that has to be paid off first, those assets usually don't amount to much.

I see.. yeah I don't get it

Maybe something mundane like they don't want to deal with the paperwork or something lol

Could be

Sometimes the potential small amount of money they'd get simply isn't worth the hassle of dealing with all the demons lawyers.

basically sony used to have 20 japanese studios but they closed down all of them barring one (team astro)

hence why people are assuming that square enix sold off their western studios so sony could buy them and save face in the japanese market since they pissed them off

It's true tho- sometimes those upper crust types will piss away thousands maybe even some small millions ("change" to them) if they don't have to bother with minor annoyances lol