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Koei-Tecmo merger is all about survival, says Matsubara

Thursday, 2nd October 2008 05:10 GMT By Patrick Garratt

Koei boss Kenji Matsubara has said the company’s merger with Tecmo is all about staying alive in the modern climate, and that further acquisitions may be made by the newly formed firm.

“In the 3 trillion yen ($28 billion) global games market, we have revenue of 40 billion yen, which begs the question of whether we can survive,” Matsubara said.

“We plan to make the most of this merger and move on to the next step, which may include acquisitions.”

As previously reported, a holding company will be formed to ease through the merger next year.

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