Square Enix Planning Tecmo Buy Out
According to a Reuters report (linked above), Square Enix is planning to purchase Tecmo, owner of the popular Ninja Gaiden and Dead or Alive franchises.
Today, the RPG-focused publisher placed a bid valued at 920 yen per share, for more than half of Tecmo’s shares.
As of writing, Tecmo has yet to respond to the bid, which expires on September 4. If rejected or ignored, Square Enix does not plan to reup the offer, as it is aiming for a friendly transaction.
The move would no doubt broaden Square’s portfolio, which consists largely of RPG centric titles. More PlayStation 3 News...