Tecmo Turn Down Square Enix's Friendly Takeover
Posted on 2008/09/04 by Ronin90
After last week's rather surprising news that Square Enix were reported to be offering to buy Tecmo for £100m ($200m) in a "friendly" takeover bid, things have taken an even more interesting twist. Square Enix placed a firm deadline of the 4th of September on their offer and Tecmo have responded with their decision.
Their decision is that they have decided to reject the proposal outright and Tecmo president Yasuharu Kakihara claims that he will not be entertaining another bid from Square Enix.
Tags:
Square Enix, Square Enix Tecmo Merger
Square Enix / Tecmo Merger
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