Tecmo and Koei Merge Confirmed
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21:29 September 19th, 2008
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The combination of Tecmo and Koei would create a company with more than 40 billion yen in annual sales
Earlier this month, Japanese video game developer Tecmo Ltd announced it has rejected a takeover bid by Square Enix. The company said it would instead merge with rival Koei. Square Enix had offered to pay up to $206 million to acquire Tecmo. kotaku is reporting today that Tecmo announced that a committee has been formed to oversee the business of the two newly-merged companies, comprised of the presidents of both companies (acting as joint-chairmen), as well as executive representatives and non-executive representatives of both companies. This committee is expected to produce a concrete integration scheme for unifying the two companies in the next two months. Thanks: Andreas.

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