Square Enix Wants Tecmo

Japanese developer Square Enix announced that it has made a “friendly” offer to acquire a controlling stake in Tecmo, the studio behind Ninja Gaiden and Dead or Alive.

Tecmo has until September 4 to respond to the offer, which will see Square purchase a controlling stake in the company at a 30% premium over current stock prices. Square Enix has disclosed that it will not continue to pursue its takeover of Tecmo if the offer is rejected, unlike a certain other publisher whose name starts with *cough*E*cough*.