With the deal between Square Enix and Tecmo officially over, it’s confusing to see why they made the decision they did without knowing all of the information. We’ve already revealed that the decision to turn down Square Enix’s offer was done solely by Tecmo due to their intention of joining forces with Koei Co.. Even though together as a company they would merely equate one third the total value of Square Enix.

So why exactly did they reject it? Well Tecmo firmly believes that they will be able to offer their shareholders something much more beneficial then the merger with Square Enix. While it’s not exactly clear what they’ll be able to offer from accepting the proposal from Koei Co., Tecmo has also stated that if they cannot provide that benefit for their stockholders they will be exploring alternatives that would be more advantageous for them overall.

No decision has been made yet past the initial decision to decline the Square Enix offer that was initially made. As Square Enix is not against the possibility of renegotiating the deal with Tecmo, the doors aren’t officially closed. But Square Enix has no desire to take over Tecmo unless everyone stays on board.

This entry was posted on Friday, September 19th, 2008 at 9:00 am and is filed under Square Enix. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.