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Square Enix drops Tecmo bid

MightyJordan   on 08 September 2008 - 08:04 · 5 comments & 6259 views

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Less than 24 hours after Tecmo said no thanks to its $200 million offer, Square Enix has officially withdrawn it.

Initially, the Japanese role-playing game giant didn't rule out a hostile bid for Tecmo. However, the day the Ninja Gaiden maker announced it was pursuing a union with Dynasty Warriors publisher Koei, Square Enix president Yoichi Wada threw in the towel.

"If they truly dislike Square Enix, there is no point," Wada told the Reuters news service. "All [game] creators would leave the firm the moment the deal was done. It would be the equivalent of buying a building."

But while the Tecmo takeover may be dead, that doesn't mean the minds behind Final Fantasy XIII aren't laying plans for other buyouts or mergers. "We are talking with quite a few companies in and outside of Japan," said Wada.

View: Full Story @ Gamespot UK

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(2 replies) #1 gigapixels on 08 Sep 2008 - 08:36
I think Tecmo could have learned a lot more from Square than it will ever learn from Koei...

I mean, seriously, Koei? I'd much rather snuggle up to Square than them. They're not horrible, but they're certainly not great either.
#1.1 spacer on 08 Sep 2008 - 12:04
My thoughts exactly.
#1.2 Doli on 08 Sep 2008 - 17:49
It hard to snuggle with someone when they do a take over bid versus a union with another company.
(1 reply) #2 Rudy on 08 Sep 2008 - 13:11
The thing is they are looking for a merger not a buyout, With a merger they get to keep their identity (as Square and Enix did when they merged to become Square Eni while a buyout would pretty much get rid of the company
#2.1 GP007 on 09 Sep 2008 - 09:29
Exactly! That's the whole point here. Tecmo and Koei are around the same size and make more or less the same types of games as well. It's the better fit. When squaresoft and Enix merged they both made the same types of games, RPGS.

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