Square Enix Planning Tecmo Buy Out

Posted by x3sphere at August 28, 2008, 7:39 pm


According to a Reuters report, Square Enix is planning to purchase Tecmo, owner of the popular Ninja Gaiden and Dead or Alive franchises. Today, the RPG-focused publisher placed a bid valued at 920 yen per share, for more than half of Tecmo’s shares.

As of writing, Tecmo has yet to respond to the bid, which expires on September 4. If rejected or ignored, Square Enix does not plan to reup the offer, as it is aiming for a friendly transaction.

The move would no doubt broaden Square’s portfolio, which consists largely of RPG centric titles.

Square Enix says aims to bid for Tecmo shares [Reuters]

Read moreSquare Enix Announces “Friendly” Tecmo Takeover Bid, Square Enix Withdraws Tecmo Proposal, Tecmo Rejects Square Enix Bid, In Talks To Merge With Koei, Pachter: Take-Two Made A Mistake, EA Once Again Extends Take-Two Offer

Comments

you say:

Login with your username and password below. New User?





ss_blog_claim=bf55edcce6ff2f078693a24c8876e229