Square Enix Interested in Acquiring Tecmo
by Rainier on Aug. 29, 2008 @ 2:22 a.m. PDT | Filed under News
Square Enix has expressed interest in acquiring troubled developer Tecmo, whose president resigned last week amid legal issues with former Team Ninja producer Tomonobu Itagaki. Square Enix is planning a friendly takeover and has made the Tecmo board of directors an offer to purchase a controlling interest at a 30% premium. Tecmo has until Sept. 4 to accept or reject the offer, after which it will be withdraw with no further action.
