RandomNPC – Video Game RPG Reviews, Editorials, and Features

Square Enix has formally submitted an offer to Tecmo to purchase a controlling interest in the company. The deal has three major points.

1) The shares will be purchased at 920 yen per share, a 30% premium over the current trading price of 706 yen.

2) A minimum of half the outstanding shares will be purchased with no upper limit to the number.

3) Tecmo has until September 4 to respond. If no response is given by the deadline, Square Enix will not pursue a hostile takeover.

This would not be the first time Square Enix has purchased a company; it acquired Taito in 2005.