Square-Enix makes a bid for Tecmo

Troubled game publisher Tecmo of Japan, recently rocked by the exit of game creator ‘rockstar’ Tomonobu Itagaki and the resignation of its controversial president, just may be getting a new start as Square Enix, the home of the Final Fantasy series, announced their aim for a majority stake in the recently-ailing game company. Kotaku and Reuters are reporting that SE aims to buy more than half of Tecmo’s shares at 920 yen each, 30 percent more than the studio’s previous closing price. SE called the it a “friendly deal,” and said that they would not pursue the bid if Tecmo didn’t respond by September 4 or rejected the proposal outright.
Man… will this mean that Dead Fantasy may actually become an actual fighting game? Pretty intriguing. We’ll just have to wait and see if Tecmo actually bites on the offer. More on this as we get it.
This entry was posted on August 29, 2008 at 4:23 am and is filed under Game-related Events, Gaming . You can follow any responses to this entry through the RSS 2.0 feed You can leave a response, or trackback from your own site.