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Square Enix to Acquire Tecmo?

Within the next few hours, at 1PM Japan time, RPG powerhouse Square Enix will outline its plans to takeover beleaguered publisher Tecmo.

Tecmo is currently in a troubled state after Itagaki-gate, and their former president Yoshimi Yasuda resigning.

Square Enix had also acquired Taito in 2005.

There will be more news as it hits.

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Today at 1pm Japan Time, Square Enix will be outlining its plans for a friendly takeover troubled game maker Tecmo. Square Enix's takeover would help the company gain a stronger foothold in the U.S. market with popular Tecmo titles like the Ninja Gaiden and Dead or Alive games. What's more, Tecmo's games will help strengthen Square Enix's current portfolio, which is heavily dependent on RPGs.

This isn't the first time Square Enix has moved in on a beleaguered company. In August 2005, Square Enix acquired Taito and wholly owned the company as a subsidiary by September 2005.

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Tecmo Rejects Square Enix's "Friendly Takeover" Offer

Last week we heard news that RPG juggernaut Square Enix had planned a friendly takeover of Tecmo, but would withdraw the offer if they were turned down. Well, that is exactly what happened. After careful consideration, Tecmo rejected the offer.

However, Tecmo is now in talk with Koei over the possibility of a merger.

More info here

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Square Enix Confused By Tecmo's Take-Over Refusal

When Tecmo refused Square Enix's take-over offer yesterday, it was assmed that was the end of the matter, as Square Enix had previously announced they would withdraw the offer if it were refused.

However, it seems that is no longer the case, with Square Enix now requesting reasons as to why Tecmo refused ... and seeming genuinely confused by it ...

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Square Enix Withdraws Tecmo Offer, Wants To Take-Over Other Companies

Following Tecmo’s announcement yesterday that it is seeking a merger with fellow Japanese publisher Koei, Square Enix formally withdrew its offer of a friendly takeover.

The withdrawal of the offer follows a written letter of rejection from Tecmo. Although Square Enix were willing to make minor revisions to the offer, a statement from the company implies that demands made by Tecmo, particularly in regards to the takeover price, made further discussions impossible.

Wada also confirmed that Square Enix was continuing to look at further acquisitions around the world, but failed to give any hint as to what type of businesses the company was most interested in. "We are talking with quite a few companies in and outside of Japan. We are routinely in such talks," he said.

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