Square-Enix Moves to take over Tecmo

By Shane Jury 29.08.2008 3

Square-Enix have gone for an EA approach, and have outlined plans for a Friendly takeover of fellow Japanese Games-Makers Tecmo.

According to Kotaku, today Square-Enix has released a statement explaining the Tecmo takeover plan. You can find shots of the statement in Japanese here and here.

[The Statement] 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."

It is speculated that Square-Enix are going after Tecmo in a bid to strengthen their Western offerings, and to boost their portfolio, which now mainly consists of Role-playing Games.

This wouldn't be the first company Square have bought out. In August 2005, Square Enix acquired Taito and wholly owned the company as a subsidiary by the next month.

Thanks to C3 Reader Marzy for the tip.

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Tifa in DoA5 plz! Smilie

But seriously I think this would be good. Smilie

Twitter | C3 Writer/Moderator | Backloggery

When I first glanced at the the Kotaku article, my first thought was, 'Why are Square trying to take over a SuperMarket Brand?' Then it hit me. Damned detail-skipping eyes.SmilieSmilie

Taito, Enix, Tecmo... I think they strenghten their position in the market. And I wouldn't want S-E to disappear. It's a good decision to broaden their gaming portfolio and add something to all their RPGs. With this buy, they don't have to give up own brands to widen their approach, but may direct both companies into the future. Hope they don't do undertaking to great brandsand ideas, and innovative concepts. Like the Clover-Studios...

I find your lack of faith disturbing!

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