It looks as though the mighty Square-Enix is set to buy the majority of old-school favourite Taito, with news breaking from Japan this morning highlighting the lust for consolidation in the modern games market.
In this press release
SE states its intention to buy a controlling stake in Taito, in a deal that should see around 67% of the Bubble Bobble and Double Dragon firm assimilated by the RPG giant.
The only stumbling block in the deal progressing right now is the stake in Taito owned by Kyocera Wireless, some 36%, though with Squeenix offering a 20% premium on acquired stock, this is likely to be ironed out by close in Japan tomorrow.
It is thought that Taito?s strong amusement division was the main target for Square-Enix, a sector the firm has scarcely touched. The acclaimed Lufia is thought to be atop of the IP tree, with Taito going on record to say the franchise will be expanded as soon as it has the investment to do so. It would appear that time is now.
Expect further updates if anything breaks in the coming days.