Square have a market cap of 8+billion and capcom of 5+billion.... They ain't going to happen.
Could easily happen, Sony have 33 billion by last quarter.... probably over 35 billion now.
Also one man owns 20% of Square and Sony have very strong ties with them, as they saved them from bankruptcy.
Similarly Capcom has a few major Japanese sharholders and common shareholders between the two.
They only need 51% to control but should aim for 60%+
That way it is still a liquid asset, the same as cash in their accounts and they get 60% of profits and can elect directors to the board of directors.
They should actually go for Capcom, Square and Sega.... pull all Yakuza, Monster Hunter, Final Fantasy and all other content from streaming services or push the prices up by 200%+ and make the glorified rental services completely unsustainable.
Who is left to stream after that? Some boring Ubisoft games and their own first party, that will cost them too much to produce unless they make smaller , less expensive filler.