Square Enix and Sony have a long history of working together. The former established itself as the progenitor of JRPGs during the genre's golden era and most of these games found their way to the original PlayStation. When rumors of Sony sitting on a piece of acquisition news that wasn't Kojima Productions started, all eyes were immediately on Square Enix. As it turns out, people's hunches were right all along.
According to the known industry insider, Jeff Grubb, Square Enix is in a good position for a Sony buyout. Specifically, Grubb mentioned that the earlier rumors that he, along with others, perpetuated were about Square Enix. Grubb added that Square Enix's recent firesale had something more to do about streamlining the company to make it easier for Sony to make a deal.
Square Enix recently let go of some of its biggest IPs and studios for the steal of a price of $300 million. The transaction with Embracer Group is expected to close later this year and will give the massive holding company access to Crystal Dynamic, Eidos Montreal, and Square Enix Montreal. Following the announcement, audiences couldn't help but wonder why exactly Square Enix sold the said studios for a low price, and now we might know why.