Following the surprising news this morning that Square Enix is planning a serious move to buy out Japanese games developer Tecmo, the company has responded with a statement saying that it's offering a 30 percent premium on the targe's stock.

"Square Enix has released a statement explaining his Tecmo takeover plan. 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."

Tecmo is a Japanese games developer with a long history in the industry, responsible for such prolific titles as Ninja Gaiden, Dead or Alive, Monster Rancher, Rygar, and Fatal Frame.

If this buyout goes ahead, it'll certainly add some interesting titles to the House of Squenix.

Tags : buyout : Dead or Alive : Dead or Alive 4 : Fatal Frame : Monster Rancher : ninja gaiden : Ninja Gaiden 2 : PlayStation 3 : Rygar : square enix : Tecmo : Wii : Xbox 360

Comments

By: Evren

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On: 07:36 Aug 29th, 2008
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Thats very interesting, and unusual.

I wish them luck.

By: Laylia

On: 07:44 Aug 29th, 2008
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Sounds weeeeeeeeeeeird to me.

By: Snake Plissken

On: 08:12 Aug 29th, 2008
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Interesting...

The world domination of Square Enix will soon begin.

By: Evren

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On: 10:28 Aug 29th, 2008
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Maybe we'll see a real Dead Fantasy. =3

By: Dragonsoul

On: 03:11 Aug 29th, 2008
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*laughs*

That'll be quite the sight.

I don't know whether to like this or not. More titles in SE is good, but any sort of monopolizing isn't so good. oO

By: EvilxBunny

On: 04:51 Aug 29th, 2008
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That isnt a monopoly! The companies are also still intact, just underneath Square Enix... Not only do the companies get more money that way, they also get better funding. The quality of games from Enix and Taito have undoubtly went up since Square merged with them.

By: SwitchxA

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On: 06:24 Aug 29th, 2008
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I think Dragonsoul was making a comparison to EA and Actiblizzard. While EA did have a run of REALLY bad game for a while I think the larger gaming conglomerates are getting smarter with how they manage the subsidiaries. More individual expression from those companies and less merging into a big blob.

I agree with bunny though that since Enix and Taito were bought we have got some good games. How Tecmo is going to continue the Ninja Gaiden and DoA series without Itagaki or even if they will is a little more interesting to me.

By: boa

On: 08:24 Aug 29th, 2008
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Can't wait to see where this may lead, shame it comes after the departure of Itagaki though.

By: EvilxBunny

On: 06:15 Aug 31st, 2008
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SwitchxA;57976

I think Dragonsoul was making a comparison to EA and Actiblizzard. While EA did have a run of REALLY bad game for a while I think the larger gaming conglomerates are getting smarter with how they manage the subsidiaries. More individual expression from those companies and less merging into a big blob.

I agree with bunny though that since Enix and Taito were bought we have got some good games. How Tecmo is going to continue the Ninja Gaiden and DoA series without Itagaki or even if they will is a little more interesting to me.

Well they were already working on 2 DoA games before Itadaki left.. Im not sure if they will finish em or not.. they prolly will with a new director