Shortly after the report got widespread attention, the company shot down the acquisition reports with an official statement. In it, the company says that not only is it not selling, but also that it has not been approached by any third parties.
Normally, the acquisition of such a major video games publisher would not have been so easily believed. But the acquisition of ZeniMax Media by Microsoft has probably changed this. With an acquisition of that scale, a company as large as Square Enix getting acquired isn’t all that unbelievable anymore. Of course, there’s also the poor performance of its Marvel’s Avengers game being another factor.