Square Enix proposes Tecmo buyout
by Ludwig Kietzmann 
on Aug 29th 2008 11:30AM
It seems
Dead Fantasy might just becomes a living reality after all. Square Enix has announced its intention to purchase a majority stake in
Tecmo, the Japanese company which recently bid farewell to both
its president and most recognizable
rockstar developer. As detailed in a press release issued this morning (via
IGN), the house that built
Final Fantasy (and vice versa) is offering Tecmo shareholders a 30% premium over the company's closing price on August 28th. If successful, the deal would see Tecmo fall under Square Enix Holdings, while retaining its brand and corporate structure.
Yoichi Wada, president of Square Enix, expressed hope that both developers would benefit from the deal, with the RPG maker gaining some inspiration from Tecmo's expertise in the
action genre. Presumably, the folks at Tecmo would gain some pointers on in-game cameras in return.
We'll let you know what happens as soon as the suits are done talking.
