Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 20, 2019
arrowPress Releases








If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Koei, Tecmo Merger Finalized Under $207 Million Deal

Koei, Tecmo Merger Finalized Under $207 Million Deal

November 18, 2008 | By Eric Caoili

November 18, 2008 | By Eric Caoili
Comments
    Post A Comment
More: Console/PC



Publisher and developer Koei (Dynasty Warriors)'s merger with Tecmo (Ninja Gaiden) to create a holding company will be official beginning in April 2009, in a stock deal valued at 20 billion ($207.7 million).

The two companies, which formed a joint committee to develop an integration plan two months ago, intend to merge their operations under a holding company starting April 2009.

The holding firm is expected to generate over „70 billion ($727 million) in sales and reach a „16 billion ($166.2 million) operating profit in the year ending March 2012, according to a report from Reuters.

To compare, in the business year ending March 2008 for Koei and December 2007 for Tecmo, the two companies' combined revenue totaled to „41.2 billion ($427.9 million), with a combined operating profit of „8.5 billion ($88.3 million).

Previous to the announced merger, Square Enix revealed its own bid to acquire Tecmo with a buyout valued at $206 million dollars in August. But Tecmo later revealed that it was working on a detailed merger plan with Koei.

According to Tecmo, the merger with Koei will give the company a better shot at "boosting corporate value," even though the proposed merger would create a company only a third Square Enix's size.


Related Jobs

Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[04.19.19]

Narrative Writer
Rockstar Games
Rockstar Games — Edinburgh, Scotland, United Kingdom
[04.19.19]

Facial Animator
Insomniac Games
Insomniac Games — Burbank CA or Durham NC, California, United States
[04.19.19]

Sr. Engine Programmer
Insomniac Games
Insomniac Games — Burbank CA or Durham NC, California, United States
[04.19.19]

Mid to Senior Engine Programmer (Tools)









Loading Comments

loader image