Fri, Aug 29, 2008 | 08:39 BST
Kotaku: Square to move on Tecmo
Update 2: Square’s released a statement saying it’s prepared to pay a 30 percent premium on Tecmo’s stock. Details here.
Update: It’s been announced. IGN’s reporting it as well.
According to this sourceless Kotaku piece, Square Enix is to make an imminent takeover move on beleaguered publisher, Tecmo. From the piece:
Today at 1pm Japan Time, Square Enix will be outlining its plans for a friendly takeover troubled game maker Tecmo. Square Enix’s takeover would help the company gain a stronger foothold in the U.S. market with popular Tecmo titles like the Ninja Gaiden and Dead or Alive games. What’s more, Tecmo’s games will help strengthen Square Enix’s current portfolio, which is heavily dependent on RPGs.
Hopefully more will come out about this later in the day.
5 comments
#1
FireFly
29/08/08, 7:48 am
Oh Shiiat
#2
patlike
29/08/08, 7:54 am
Ja. That’s bonkers. Really does seem all over for Tecmo.
#3
Spiral
29/08/08, 9:13 am
I think they’ve wanted to have more action orientated stuff for a while now, with varying degrees of success. Guess this is just another way of moving in that direction.
#4
patlike
29/08/08, 9:18 am
Yeah. That and it’s a bargain. Tecmo’s a soft target with plenty of IP.
#5
Psychotext
29/08/08, 9:43 am
Interesting times indeed.