Tecmo rejects Square Enix acquisition offer, plans to merge with Koei |
Well, Tecmo's certainly had some time to think about the friendly takeover offer given by Square Enix. Kotaku reports, however, that Tecmo's rejected Square Enix's offer, opting to try and merge with Koei instead.
Here's Tecmo's statement on the takeover offer, as taken from Kotaku (external link):
For Tecmo, this proposal was received in a short span of time, but within the company, we collected opinions from management and game creators as well as a wide range of employees.
In our companies source of revenue, as a result of a guarantee with our capable workers, a guarantee of steady game development and the preservation of our brand, there is a high possibility of improvement. However, we did not arrive to agree to this proposal, and thus, our Managing Board declines the offer.
Stockholders, clients and customers, please continue your favor towards our company.
Tecmo has instead announced that it is working on a merger with Koei. Apparently, talks between the two companies have already begun, with an "Integrated Management Committee" set up to perhaps oversee things.
The two companies have their strengths on opposite ends of the world, with Tecmo finding popularity in the West through its Dead or Alive and Ninja Gaiden games and Koei making waves in the East with its simulations and Dynasty Warriors games. To that end, Tecmo's recent statement on the matter acknowledges that they can do well worldwide because of these combined strengths:
As the game industry environment changes with high-powered hardware, portable game machines and rapid growth as well as online mobile games, the accelerating consumer needs are varied and sophisticated. The industry has intensified. Multi-platform and the importance of overseas markets is pushing the industry towards global competition.
...Under these circumstances, these two companies have excellent financial positions, strengths and the ability to take advantage of each other in order to improve profitability and solidified the foundation of a worldwide leader.
Here's to hoping the merger goes well, and the two companies profit from teamwork.
Related Articles:
Via Kotaku
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Comments [refresh]
If you ask me both of these companies sortof belong together. They're both really not that good anymore when it comes to the well known companies.
All Tecmo really has no games worth even mentioning other than Ninja Gaiden and DoA, while Koei is nothing more than Dynasty Warriors/Samurai Warriors/Romance of the Three Kingdoms games as far as the eye can see.
With DW/SW/WO. All of these games are pathetic. RotTK is their tried and true series, but it's gotten to the point where they over do it. Nobunaga's Ambition looks good though. It looks like the same RotTK gameplay with a sortof real time strategy element such as how Kessen and Kessen 2 had.
It's really safe to think that Koei would become the major shareholder in this merger because of the sales they make by releasing the exact same game(Dynasty Warriors/Samurai Warriors, etc.) 50 times and then release an Xtreme Legends version of each and everyone of them. Why people buy these and act like they are such amazing games is beyond me. What about Dynasty Warriors Gundam/Gundam Musou? Different characters and graphics, same bull*****.
-andrew- -kupomogli-
I'm just glad they rejected Square-Enix's offer. Square-Enix's games have been garbage unless they are on a handheld.
I agree 100%.
Also, glad to see they give the ol "eff yew" to Square.
that was good...
there are some games that Squeenix realeased that were actually good like KH, DragonQuest 8(I like this because it was old school type RPG), FF 12(should have a different name) and the Grandia3 (just the battle system the story sucks and so was the leveling;too easy)
I just hope the FFXIIIs give the fans a taste of an 80 hour games for the first time in this generation of gaming...Im sick of the short games that anyone can beat in a day(except GTA4 but that game suks anyways and dont anyone argue against my opinion and actually think and compare it to the othe GTAs)
"Now that Itagaki has left us and our only two REAL franchises, what more can we do to bring the overall quality of this company down?"
"Merge with a company that produces nothing but sequels?"
"Brilliant!"