Square-Enix bids to purchase Taito, more company mergers....

Blade · Post by **Blade** » Thu Sep 01, 2005 10:02 pm

From ANN:

Square Enix has offered 45.16 billion yen (US$405 million) in a friendly bid to purchase game-make Taito. The companies have been in merger talks since last April and have decided that an outright acquisition would be the best way to proceed.

Kyocera, which owns a 36% stake in Taito supports the takeover bid and has agreed to sell its share back to Taito to facilitate the acquisition.

Square-Enix is offering 181,100 yen per share, a 20 percent premium over Taito's 6-month average market price. If Square Enix is able to reach agreements with Taito and its shareholder to acquire 67% of Taito shares it will acquire the shares and then begin procedures to turn Taito into a wholly-owned subsidiary. Failing to purchase the 67% ownership, Square Enix still intends to acquire Taito though other means.

Market conditions have lead to several anime/gaming related mergers in the last 2 years. Square merged with Enix to form Square Enix, Sega and Sammy merged in October while Namco is in the process of merging with Bandai and Takara with Tomy.

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Dunno what this means, will we have RPG Shmups?

Zach Keene · Post by **Zach Keene** » Thu Sep 01, 2005 10:13 pm

http://forum.shmups.com/forum/viewtopic.php?t=4763

Locking duplicate thread.