Tecmo rejects Square Enix merger offer, opts for Koei instead
Square Enix's proposal to buy an Itagaki-less Tecmo has been rejected. According to Reuters, the Ninja Gaiden and Dead or Alive publisher instead said that it would merge with Koei, making it entirely within the realm of possibility that we'll soon be playing Dynasty Warriors Xtreme Kingdom Beach Games.
Tecmo said Koei would offer "a greater chance of boosting corporate value" (our analysis: Koei wouldn't overshadow Tecmo like Square Enix would). The Final Fantasy publisher, which initially offered $206 million for a merger "on friendly terms," said it would try to (infinite un)discover more details on the Koei merger in order to figure out Tecmo's rationale and then decide what to do next. This isn't the last (remnant) we've heard of it.
