Square Enix and Tencent Form 'Strategic Alliance' - News
by William D'Angelo , posted on 06 September 2018 / 3,193 Views
Square Enix and Tencent have announced today the two have created a "strategic alliance." The two plan to form a joint-venture company to co-develop AAA titles based on new IPs, established IPs and more.
"We have strong expectations for this strategic alliance with Square Enix Group,” said Steven Ma, Senior Vice President at Tencent Group. "The alliance will enable us to couple our broad range of internet service capabilities to Square Enix Group’s superb creativity, and provide our customers with unprecedented content experiences on a global basis."
President and Representative Director of Square Enix Holdings Yosuke Matsuda added, "Tencent Group and Square Enix Group share the vision of utilizing technology and creativity to deliver unprecedented entertainment experiences and services to a global audience. This newly established alliance will be a strong boost to Square Enix Group’s strategy to diversify our content offerings and expand access channels to a wider customer base."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Strategic alliance? More like deal with the devil... What are you thinking Square Enix?
Battle Royale?
Literally making a deal with the devil right there.
I was in a strategic alliance with tencent one time, but then I spent it on some sweets....
That was either the best or the worst joke I have ever read :D
Haha agreed!
I'll be applying for my job working in a christmas cracker factory next month :o
I hope this doesn't lead to them buying shares in SE
That would be disastrous.
I dont like the sound of this, hope it works out well for them
China money lol
A merger would be terrible. Tencent's games all follow the mobile model of being free to play, but incredibly grindy. And if you just give them $10 per character you can skip the grind. Before you know it you'll have spent $100 on a game that should have cost you $20.
