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Square Enix here in Japan just reacted officially, shooting down the rumor: hd.square-enix.com/eng/ir/pdf/202
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Following today's M&A rumors, Square Enix stock just went into the lunch break at the Tokyo Stock Exchange at +13.80%. (It's 11:40am Friday here in Japan.) And yes, that's a lot for such an already large company on a single day.