Square Enix Taking Over Tecmo?

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the 29th August 2008

by kula shakerz

Kotaku

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Square Enix released a statement earlier today explaining their Tecmo takeover plan. According to the plan Square Enix will purchase Tecmo stock at a rate of 920 yen per share, representing a 30% premium over Tecmo's August 28 closing price of 708 yen.

It everything works as planned then Tecmo will get a similar status to Taito, falling under a Square Enix holding company and maintaining its company organization and brand.

The Tecmo Board of Directors has until September 4 to approve or reject this offer. If rejected, Square states, "We will withdraw our offer."

You can see the official statement here: http://www.square-enix.com/j...3.pdf (in Japanese).

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User Comments (5 latest)

by V_Translanka the 29th August 2008 at 08:16 PM

I hope this goes through, it'd be another major acquisition for Square-Enix Alliance...>_>

by MegamanX1331 the 30th August 2008 at 07:25 AM

HAAAA HA HA HA! Yes, YES! Grow, devour those who dare oppose the might of SQARE-ENIX, who bring the pinnacle of gaming to the world!
Seriously though, does this mean Ryu Hayabusa will be in Kingdom Hearts 3?

by ikuzo the 31st August 2008 at 08:24 AM

Blah... this is probably the reality for the gaming industry. They can't survive by just making video games anymore. They need to integrate other media to put food on the table. <.<;

by Andaryu the 3rd September 2008 at 12:38 PM

In all honesty the only games that made Tecmo is DoA and Ninja Gaiden. S-E doesnt even need those series(s) to be successful, but it would be nice to see them incorporate story/characters of Tecmo in other games.

by V_Translanka the 4th September 2008 at 06:31 AM

Tecmo Super Bowl too~!! The new editions of TSB are coming out soon as well...

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