Square Enix Holdings will merge wholly owned subsidiary Luminous Productions, the development studio behind Forspoken, with wholly owned subsidiary Square Enix Corporation on May 1, the company announced.
“The merger is part of the [Square Enix Holdings’] efforts to further bolster the competitive prowess of the [Square Enix] Group’s development studios, a goal set forth under its current medium-term business strategy,” the company said in a press release. “[Square Enix Corporation] has developed numerous AAA high-definition games and possesses a wealth of intellectual property and content. [Luminous Productions] is meanwhile equipped not only with AAA title development capabilities but also technical expertise in areas such as game engine development. Combining the two entities will further enhance the [Square Enix] Group’s ability to develop [high-definition] games.
And here is a message from Luminous Productions on the merger:
Read more on gematsu.com