Square Enix has declared its decision to withdraw from Danish developer Io Interactive. The company made the announcement alongside its financial results for the fiscal year ended March 31, 2017 – released today.
“To maximize player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios,” Square Enix said in its statement. “As a result, the Company has regrettably decided to withdraw from the business of Io Interactive, a wholly‐owned subsidiary and a Danish corporation, as of March 31, 2017.”
Io Interactive – the developer of Hitman and Kane & Lynch – found itself in the Square Enix stable back in 2009 when the Japanese publisher acquired Io’s parent company, Eidos Interactive.