Square Enix offers to take over Tecmo

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Credit goes 110% goes to Cerri since she was the one who pointed it out. :D

Square Enix offered to take over Tecmo, a Japanese company that's currently having a lot of problems. If you followed all the latest news, you already know that Tecmo's "Team Ninja", the team that worked on the Ninja Gaiden franchise, no longer works for the company.

Square Enix's plan is to purchase a controlling amount of shares in Tecmo at ¥960 a share (while the official price as of yesterday is ¥706 a share). Tecmo's board of directors has until September 4 to approve this request, and in case they refuse Square Enix will withdraw their offer.

Square Enix's Decision:

"Video games have been globally recognized as a major entertainment genre, and have now become an industry receiving considerable attention in terms of its market size and growth potential. In the meantime, the game industry in Japan is standing at a critical juncture whether it continues to be a center of the video game industry in the world, or not.

TECMO is a group of excellent creators with proven track-record in the global market, which is a precious human resource of Japan. We, however, cannot be optimistic about the future of this significant resource, given the current circumstances surrounding TECMO.

We believe that TECMO will be able to make a great leap forward by joining the Square Enix Group, which will provide the group with further growth opportunities as well.

We are planning to position TECMO as a wholly-owned subsidiary of Square Enix Holdings maintaining TECMO’s current organization and brand as in the cases of Square Enix and Taito."
Source - Kotaku
 
Thanks a lot Ryan! <3

Yes, Tecmo is famous for Dead or Alive fighting and Monster Rancher as well. I wonder how this merge will change the Dead or Alive series?

So how about Final Fantasy Extreme Volley ball? :elmo:
 
oh yes this is going to be sick!!!!!!! A FF BEACH VOLLEYBALL WOULD BE AMAZING AND HOT
 
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tecmo really hasn't had much. i think its only name is dead or alive and ninja gaiden. square takes it over, i see godo things in the near future.
 
You know... If this merger happens there really could be a Dead Fantasy ;)
 
Its so Coooool If this happens.
I wished it happen from long long time ago especially All of Tecmo & Square Enix Had powerful graphics.
and Im really afraid About missing DOA & Ninja Gaiden Its the best games
I Hope Square Enix Take Care of Them
and After Combining We Hope We'll see new games like ''DEAD FANTASY'' !
 
o.o Wow... You guys really expect S-E to do anything with Tecmo? Have they really done anything with Taito, seriously? And I doubt they use the new resources to make better action/fighting games... If that were the case, they'd have made Level 5 make the FF series for them by now, rather than just BSing the series themselves.
 
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