Confidential documents revealed that Microsoft had plans to acquire Square Enix as part of a broader corporate acquisition strategy.Revealed as part of the ongoing legal battle surrounding Microsoft’s proposed acquisition of Activision Blizzard, Microsoft sought to acquire the veteran RPG creator in order to support ‘future mobile-exclusive Game Pass offerings’ (via The Verge). These plans were given the foreboding title ‘Project Phoenix’ and were also centered around leveraging ownership of Final Fantasy, Dragon Quest, and Kingdom Hearts to grow Xbox’s
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