Square Enix splits from IO Interactive

Back in 2009, Square Enix acquired Eidos Interactive along with the studios under their name, this included Tomb Raider devs Crystal Dynamics and Hitman devs IO Interactive. Today, Square Enix released a statement that IO Interactive will no longer be under the Square Enix umbrella. In the statement, Square Enix stated: “To maximize player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios. As a result, the Company has regrettably decided to withdraw from the business of IO INTERACTIVE.”

“As a result of this the Company started discussions with potential new investors and is currently in negotiations to secure this investment”, Square’s statement adds. “Whilst there can be no guarantees that the negotiations will be concluded successfully, they are being explored since this is in the best interests of our shareholders, the studio and the industry as a whole.”

At the time of writing, it is uncertain of what will happen with IO Interactive and its staff or where the properties usually associated to the company will go to. IO Interactive is best known for the Hitman and “Kane and Lynch” series.