Square Enix has today outlined plans for a friendly takeover of the troubled Tecmo company. The takeover will help build Square-Enix’s portfolio, which is currently dependent heavily on RPGs, and gain a stronger foothold in the US market with games like Ninja Gaiden and the Dead or Alive series. Square Enix has released a statement explaining their plans to purchase a controlling interest in Tecmo by purchasing shares in that company at 30 percent premium. More inside Tecmo has until September 4th to approve or reject the offer and if they do reject it thatll be that. This isn’t the first Square Enix takeover, either. Since 2005 they have wholly owned Taito, and let’s not forget how Square got their Enix.

Source: Kotaku