Square Enix Says Games Companies Are Overvalued
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Square Enix Holdings Co., the creator of the “Final Fantasy” video-game franchise with more than $1 billion in cash, said it’s reluctant to pursue acquisitions of social-networking software developers because they’re too expensive.
Instead, the company is more interested in developers of software related to micropayments and security, Square Enix President Yoichi Wada told reporters in Tokyo today. He declined to name any potential targets.