Tecmo Rejects Square Enix Offer, Moves Towards Merger with Koei
by Nick DiMola - 7:09 am EDT
Total comments: 18
Source: Kotaku
After careful consideration from management, Tecmo has decided against the Square Enix takeover and decided instead to group with the more Eastern driven Koei.
Tecmo, in a surprise move, has rejected the friendly takeover bid from Square Enix this morning. As reported earlier, Square Enix extended the offer to Tecmo last week and gave the company until today in order to reach a decision. Tecmo "collected opinions from management and game creators as well as a wide range of employees" to arrive at their decision.
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