Square Enix offers to buy Tecmo News
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Tom Bramwell
Square Enix has said it hopes to acquire a majority stake in fellow Japanese game developer Tecmo.
The Final Fantasy giant has offered to buy Tecmo shares at 920 yen apiece (GBP 4.61 / EUR 5.72), representing a 30 per cent premium over the 28th August closing price. Reuters reckons the deal will be worth "at least USD 102 million" (GBP 55.8m / EUR 69.1m).
However, Square Enix is a compassionate consumer, and has said that while it hopes for a favourable response from the Tecmo board on 4th September, it will back off if the company isn't interested.
Should it be successful, Square Enix hopes to incorporate Tecmo in much the same way it has Taito, allowing the original brand and organisation to continue under a Squenix umbrella company.
Apparently Square Enix is attracted to Tecmo because of its ability to produce games with worldwide appeal like Ninja Gaiden and Dead or Alive.
Square Enix also pointed out that Tecmo could do with a helping hand at the moment after the company's recent troubles - most notably the departure of Team Ninja producer Tomonobu Itagaki and the resignation last week of president Yoshimi Yasuda, who Itagaki really didn't like.
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Comments: 1-16 of 16 in total
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Vertical Stand
29/08/08 @ 08:26
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It all depends on the internal state of Tecmo, if they are deflated and beset with further problems or whether or not they've been able to draw a line over these squabbles, regardless Project Zero 4 looks and sounds fantastic, can't wait to play.
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alimokrane
29/08/08 @ 09:03
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To be honest, Tecmo has been surviving on NG and DOA and those two genres are something square Enix really lacks. I think this could work very well to be honest.
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@Crofto:
They weren't amazing but they certainly weren't piss poor. In fact, at the risk of pissing into the face of public opinion, I thought Ninja Gaiden 2 was excellent. Also, to be fair, DOA IV was a huge disappointment on the single player and online front but if you played it local multiplayer it was bloody good. |
Comments: 1-16 of 16 in total
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