Tecmo reveals Koei merger plans

Having literally just announced that

it has rejected the acquistion offer from Final Fantasy developer and publisher Square Enix

, Japanese firm Tecmo had made the surprise announcement that it is planning to merge with Koei.

Kotaku

reports that talks are already underway following the creation of an ‘integrated management committee’, with Tecmo claiming that the two firm’s software portfolios are highly complimentary.

A statement reads: As the game industry environment changes with high-powered hardware, portable game machines and rapid growth as well as online mobile games, the accelerating consumer needs are varied and sophisticated. The industry has intensified. Multi-platform and the importance of overseas markets is pushing the industry towards global competition.

Under these circumstances, these two companies have excellent financial positions, strengths and the ability to take advantage of each other in order to improve profitability and solidified the foundation of a worldwide leader.”