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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Tecmo Rejects Square Enix Offer, Talks to KOEI Instead

by Rainier on Sept. 4, 2008 @ 2:08 a.m. PDT

Last week Square Enix made a surprise, but friendly, offer to acquire Tecmo, offering the Ninja Gaiden publisher a 30% premium, a bid that would expire Sept. 4, without further attempts in case of rejection. With that deadline now expired, Tecmo issued a statement that it is indeed not going to accept Square Enix's friendly takeover bid, but is instead talking to KOEI about merging the two companies.
Last week Square Enix made a surprise, but friendly, offer to acquire Tecmo, offering the Ninja Gaiden publisher a 30% premium, a bid that would expire Sept. 4, without further attempts in case of rejection. With that deadline now expired, Tecmo issued a statement that it is indeed not going to accept Square Enix's friendly takeover bid, but is instead talking to KOEI about merging the two companies.
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