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http://steamcommunity.com/sharedfiles/filedetails/?id=737240081
http://steamcommunity.com/sharedfiles/filedetails/?id=737239855
FYI; Spirits Within was the movie that almost closed them down; not Advent Children.
Square and Enix had been considering a merger to pool their resources; cut back on shared costs and more effectively present a front against western development companies' offerings since atleast as early as the turn of the millenium. However, when Spirits Within released short after and left Squaresoft near-bankrupt Enix backed out of the idea.
Instead, Squaresoft went to Sony and negotiated a capital injection out of them in exchange for a relatively big stake in the company (atleast 15% shares, iirc). They managed to stay afloat that way and had enough success in the early PS2 years to make the company atleast semi-health again.
Enough for Enix to reconsider the merger again, especially since Enix had fallen upon harder times by then as well and both companies needed the increased economy of scale to keep themselves from losing more money.