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Tecmo Answers Spurned Square's Takeover Rejection Questions 50°
351w ago - Back before Square Enix rescinded its friendly Tecmo takeover bid, we first broke the news that RPG maker was baffled. Tecmo rejected its offer in favor of merging with Dynasty Warriors company Koei. Most curious. Square Enix had three questions for Tecmo:

1. Please confirm that the decision on the start of discussions with KOEI toward integration of management is the reason for rejection of the Proposal.

2. If that is the case, please clarify concretely that major terms of integration of management with KOEI (form of the integration, stock prices assumption,...

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Tecmo Rejects Square Enix Bid, in Talks to Merge with Koei 50°
352w ago - Square Enix announced its proposal last week to acquire a controlling stake in Tecmo. While the bid was set to expire later today, Tecmo formally rejected the offer this morning, as they believe a merge with Koei would be more fitting.

From the released statement, translated by Reuters:

Through a merger, we expect we can grow further by respecting both companies' identities and having an environment in which employees can fully exhibit their skills.

Koei, eh? Makes sense. Tecmo is popular here in the West with titles like Ninja Gaiden and Dead or Alive,...

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Square Enix Planning Tecmo Buy Out 50°
353w ago - According to a Reuters report (linked above), Square Enix is planning to purchase Tecmo, owner of the popular Ninja Gaiden and Dead or Alive franchises.

Today, the RPG-focused publisher placed a bid valued at 920 yen per share, for more than half of Tecmo's shares.

As of writing, Tecmo has yet to respond to the bid, which expires on September 4. If rejected or ignored, Square Enix does not plan to reup the offer, as it is aiming for a friendly transaction.

The move would no doubt broaden Square's portfolio, which consists largely of RPG centric titles.

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Tecmo Shares Plummet Following Itagaki's Leave 50°
365w ago - Tomonobu Itagaki's announcement that he was leaving Tecmo and suing them for $1.4 million for unpaid completion bonuses, and against the company's president for "unreasonable and disingenuous statements" made towards him has led to Tecmo's share price to plummet.

The share price fallen 10 percent in the space of just one day.

At market close on Tuesday, the publisher's shares reportedly slumped from 1,102 yen ($10.40) to 982 yen ($9.27) – a reduction of ten percent... quite significant indeed.

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Itagaki Files Suit Against Tecmo, Announces Resignation 100°
365w ago - Tomonobu Itagaki announced today that he has filed suit against Japanese-based publisher Tecmo, claiming damages in the amount of 148 million yen for unpaid bonuses.

In the suit, which was filed on May 14, Itagaki specifically calls out the company's head honcho, Yoshimi Yasuda, for breach of contract and making demeaning remarks about him to fellow subordinates and colleagues.

To quote: President Yoshimi Yasuda chose not only to violate this agreement, but also turned defiant, telling me "if you are dissatisfied with the decision not to pay the bonuses, either...

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Tecmo Bowl: Kickoff announced for Nintendo DS and Wii 100°
369w ago - While at a press conference in Tokyo, Tecmo confirmed that it was working on a brand new Tecmo Bowl game for 2008, but it wouldn't even name a platform for which the game would appear. A company representative would tell the assembled media only that the game was "not going to be on the platform that you're thinking of right now."

Now, thanks to Kotaku online, we have a little more information on the games upcoming release. "When Tecmo announced last year that its classic footballer Tecmo Bowl was returning to unlicensed glory in 2008, it failed to mention just about anything beyond...

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