Tecmo to Team up with Koei?
09.04.08 - 12:02 PM

Tecmo today rejected the friendly take-over bid (TOB) launched by Square Enix last week.

Instead, the makers of Ninja Gaiden and Dead or Alive revealed that they have entered negotiations about a tie-up with Yokohama-based Koei. Tecmo expressed its belief that its value can be increased further, without joining the Square Enix Group. The company's management sees strong synergy effects in a potential merger with Koei, because the makers of Dynasty Warriors and Romance of the Three Kingdoms have a strong market presence in Asia, while the Tecmo brand has been stronger in the western hemisphere.

Square Enix reacted to the rejection by issuing a statement demanding Tecmo to explain whether it rejected the friendly TOB as a result of its negotiations with Koei and whether a potential Tecmo/Koei tie-up would constitute a more lucrative deal than Square Enix's proposal. Depending on the answer to the second question, Tecmo should furthermore specify a more lucrative alternative proposal. Square Enix's management would only decide its future course of action once Tecmo's management had provided answers to the aforementioned questions.

Chris Winkler

Featured Content
Disgaea 5: Alliance of Vengeance Review
Disgaea 5: Alliance of Vengeance
Undertale Review
Retro Encounter 5-2: Terranigma
Retro Encounter Episode 5-2: Terranigma
80 Days Review
80 Days
Omega Quintet Review
Omega Quintet
Vic Mignogna Interview
Vic Mignogna
Persona 4: Dancing All Night Review
Persona 4: Dancing All Night
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes