Square Enix Buys Taito

Square Enix announced that it has bought Taito through an agreed takeover. Square Enix hoped to acquire at least 67 percent of Taito’s stock, but was able to get 93.7 percent of all shares issued by the company. Effective September 28, Taito will become a wholly owned subsidiary of Square Enix. Square Enix’s acquisition of Taito is expected to cost approximately $564.74 million.

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