Square Enix wants Tecmo

Posted by Talk Playstation

on Aug.29, 2008 at 12:51 pm

Final Fantasy creators Square Enix plans to take over the team behind Ninja Gaiden and Dead or Alive, Tecmo. Square Enix will be outlining its plans for a takeover and if this happens SE will gain a stronger presence in the U.S. Square Enix’s portfolio of games consist of mainly RPG’s. Taking over Tecmo will stregthen their portfolio with new genres.

It includes offering to purchase a controlling interest in Tecmo by purchasing shares in that company at 30 percent premium (¥960 a share compared to yesterday’s close price of ¥706 a share). The Tecmo Board of Directors has until September 4 to approve or reject this offer. If rejected, Square states, “We will withdraw our offer.”

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