Tecmo Rejects Enix Offer, Pursues Merger With Koei

Denying fans of a ridiculous (yet possible) Final Fantasy Xtreme Beach Volleyball game, Tecmo today rejected the buyout offer from Square Enix, instead opting to push ahead with merger talks with Koei.

A Tecmo statement translated by Kotaku reads that both Koei and Tecmo “have excellent financial positions, strengths and the ability to take advantage of each other in order to improve profitability and solidy the foundation of a worldwide leader.”

Square Enix has disclosed that it will not pursue the Tecmo proposal any further due to the rejection.