TECMO and KOEI meet an agreement of business integration.

It agreed that TECMO the game software major company familiar in 3D fighting game "DEAD OR ALIVE" and KOEI known by the hit of "Nobunaga's ambition(信長の野望)）", "Sangokushi(三國志)", and "Shin Sangoku Musou(真・三國無双)" series started conferring aiming at business integration on September 4.

They decided the installation of "Business integration committee" (temp name), too.
It is emphasized that the environment that surrounds the game industry has accelerated by a rapid spread of making software with high performance on the portable game machine(hardware) and the rapid growth of an online mobile market, etc.
They revealed their agreement for necessity of installation and enhancement of the correspondence power together to the movement of multi-platform and the globalization becomes in the stiffer market competition.

The two companies explained the advantage of this business integration, "We are aiming to be a worldwide game software leading company with fusing each best financial position and each strong points mutually, to improve the profitability and strong management bases", and saying that "That estimates a rapidly expansion by esteeming each individuality and providing environments of both companies that make employees can perform their ability to the full".

SQUARE ENIX the big shot of game company announced that they had withdrawn the proposal of takeover bid (TOB) to TECMO, Ltd. of this industry on September 5.They decided that it was difficult to negotiate in agreement with TECMO, because TECMO started the conference for business integration with KOEI on September 4.
SQUARE ENIX presented the idea to acquire the majority of the TECMO's stock for 920 yen each on August 29. They explained that it did not launch out into TOB if Managing Board of TECMO did not agree with TOB.
It is said that a detailed reason were not told though the opinion that was declared TECMO doesn't agree to TOB on September 4, it was the time limit for answering to SQUARE ENIX.