Square Enix - scared of real competition?

[Words Of Wisdom]

cwbys21 said:

Words Of Wisdom said:

akuma587 said:
Square just knows it needs to look for new opportunities in whatever form they may be in order to remain successful. Square is pretty smart in terms of maintaining their own internal operations.

That's why they've almost had to file for bankruptcy multiple times in their company history and would have if not for a few generous donors.

How many mulitple times? I can think of two, before they made the first Final Fantasy and after they released Spirits Within and took a 100 million dollar loss because the people developing it took the Sony route and thought, it has Final Fantasy in the name it will make lots of money. The first part they ended up making Final Fantasy and everything worked out and the second they ended up merging with Enix.

Multiple means "more than one" and wasn't there a 3rd time where a significant Sony investment bailed them out of trouble... or was that along with the Enix merger?