Quote Originally Posted by Laguna
Oddly enough, Square Enix is partially owned by Sony Entertainment. Prior to the purchase of stock they were known as Squaresoft. So technically, they havent really betrayed anyone. (Although Sony don't own a majority share, so they couldnt stop it if they wanted to).
The name change to Square Enix had nothing to do with Sony's purchase of Square stock; it resulted from the merging of Square and Enix. I know--crazy, right? Relevantly, however, that very merger caused Sony's influence to diminish a great deal. The stock they owned went from comprising 18% of Square to about 8% of Square Enix.