Square Enix closes cloud gaming company Shinra Technologies

[Administrator]

Shinra Technologies, the Square Enix cloud gaming company with a Final Fantasy name, is being dissolved. Liquidated. Which makes it sound like some kind of new year smoothie.
A notice was posted on the company's corporate site today. "A couple of wholly-owned subsidiaries of the company have decided to dissolve and liquidate, and as a result, the company will book an extraordinary loss," it read.
The two subsidiaries are Shinra Technology in New York (headquarters) and Shinra Technologies in Japan, and the extraordinary loss is approximately 2bn yen (£11.5m).
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