Having said back in February that acquisitions will be the 'cornerstone' of his company's growth, Yoichi Wada's Square Enix appears to be putting cash in play with an offer to buy the troubled Tecmo.
According to a variety of sources including Bloomberg, Reuters and JCN, Square (which is best known for RPGs such as the massively successful Final Fantasy series) will pay 920 yen (£4.6 or €5.74) for each Tecmo share. It will only do this, however, if it gets approval from the Tecmo board by by September 4th.
Such an acquisition would certainly bolster Square's catalogue, arming it with such non-RPGers as Dead or Alive and Ninja Gaiden. Both games are, of course, the work of Team Ninja headman Tomonobu Itagaki, who recently slammed Tecmo President, President Yoshimi Yasuda as, "a man who chooses not to honour promises even when he is able to do so", before quitting Tecmo.
According to a variety of sources including Bloomberg, Reuters and JCN, Square (which is best known for RPGs such as the massively successful Final Fantasy series) will pay 920 yen (£4.6 or €5.74) for each Tecmo share. It will only do this, however, if it gets approval from the Tecmo board by by September 4th.
Such an acquisition would certainly bolster Square's catalogue, arming it with such non-RPGers as Dead or Alive and Ninja Gaiden. Both games are, of course, the work of Team Ninja headman Tomonobu Itagaki, who recently slammed Tecmo President, President Yoshimi Yasuda as, "a man who chooses not to honour promises even when he is able to do so", before quitting Tecmo.
Read More Like This