Square-Enix Plans for Friendly Takeover of Tecmo

Posted on Friday 29th August 2008 at 02:11 by laszlow

Tecmo, the Japanese publisher of video games such as Ninja Gaiden, Tecmo Bowl, and Fatal Frame, has not had a very good year. After releasing XBox 360 action title Ninja Gaiden 2, game designer Tomonobu Itakagi and several other employees sued the company for unpaid overtime work relating to Ninja Gaiden 2. Other headaches included disappointing sales for Fatal Frame IV and the resignation of several top company officials.

But here comes Square-Enix to the rescue! According to Kotaku, Square-Enix is planning a friendly takeover of Tecmo in a similar manner to which happened to Taito in 2005. If the takeover is successful, Tecmo would become a wholly-owned subsidiary of Square-Enix, and if the wage issue is resolved, Tecmo's successful Team Ninja studio (Ninja Gaiden, Dead or Alive) would be making games for the big S-E.

Source: Kotaku

Also: wtf? Kingdom Hearts Gaiden?

Posted in: Square-Enix News, News from Japan

Written by	laszlow
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Comments

No-Name	Comment 1: 2008-08-30 01:06
	Cool beans. Maybe this will mean more Temco games for the ps3.
Sephiroth	Comment 2: 2008-12-04 17:12
	As good as it is to hear that the wage issue will be resolved by this, I'm not really sure I like the idea of a SE takeover. Things like this tend to change games around, and I personally would not like to see the series of Ninja Gaiden games changed. I think they are all great in the direction they have been going.
laszlow	Comment 3: 2008-12-04 19:12
	In a hilarious turn of events, this takeover never happened, but apparently they are trying to take control of Eidos. Globalization?
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