Square-Enix sells all of its Western game studios and their games to Embracer
>The Transaction will assist the Company in adapting to the changes underway in the global
business environment by establishing a more efficient allocation of resources, which will enhance
corporate value by accelerating growth in the Company’s core businesses in the digital
entertainment domain. In addition, the Transaction enables the launch of new businesses by
moving forward with investments in fields including blockchain, AI, and the cloud.https://www.hd.square-enix.com/eng/news/pdf/20220502%20A_Pre...They are still making incredibly good games (FFXIV, DQXI, Nier, Bravely Default etc.) but for every single good one I swear they make 3 utter shite too + their gacha games are not even that good considering the saturation on the gacha market and what quality games some other companies can make (see Genshin)But at least Naoki Yoshida is on the board of directors + he is producing the next mainline FF game and I think he has the trust of millions of players considering what they did with XIV. So not all hope lost as long as he is at the company.