Report: Tecmo Plans Koei Merger, Rejects Square Enix

MIG-31

Tecmo has rejected Square Enix’s offer of a friendly takeover, opting to plan a merger with rival Koei instead. The troubled Japanese publisher and developer claims that a merger with Dynasty Warriors publisher Koei stands a better chance of "boosting corporate value," according to a Reuters report.
____________
Source: Gamasutra

__________________