A few months ago, Square Enix sold most of its western subsidiaries to Embracer Group. As a result, Square Enix will no longer own Crystal Dynamics, Eidos Montréal, and Square Enix Montréal, nor IPs associated with the respective studios once the deal falls through. But, according to the company's latest earnings call, this was just "Phase 1" of the company's business plan.
As per the video game industry analyst, David Gibson, "Phase 2" involves Square Enix selling all or a portion of its other remaining studios. Gibson believes that either will let Square Enix move resources around better, "mainly to Japan titles.
Gibson is expecting companies like Sony and Tencent to try and buy stakes in Square Enix's remaining studios. Coincidentally, Gibson's analysis comes just after we found out that Sony wants to buy a part of Square Enix, specifically, one of the Creative Business Units.
