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    #1

    SquareEnix to Take Over Taito?

    Another company? I wonder if this is starting to become a trend for SE...

    Originally posted by Gamespot
    In a joint press conference helmed by Square Enix president Yoichi Wada, it was revealed the companies have been in talks since last April. This summer, the two publishing giants concluded that a Square Enix buyout was the most profitable and efficient way to proceed.

    Recently, Taito's reported full-year revenues showed a 51.1 percent drop in profits. For the same reporting period, the full year ending March 2005, Square Enix reported a 35.8 percent rise in its group net profit.

    "We decided to go with a takeover bid," Wada said today. "It's the quickest way for us to turn Taito into a subsidiary."

    He added that takeover bids are generally viewed negatively in Japan, and it was essential that the announcement be made jointly. Wada also clarified that mobile phone maker Kyocera, which owns a 36-percent stake in Taito, was also in favor of the terms. Kyocera will sell its $218 million worth of shares back to Taito.

    The offer sees Square Enix paying a 12-percent premium over Taito's closing-share price today. The offer is open from tomorrow to September 21. Square Enix said it will rescind the tender offer if it fails to acquire at least 67 percent of Taito stock, but it is intent on alternate takeover plans if the bid should fail.

    ~Updates weekly on Sundays~
    Tags: None
    #2
    Re: SquareEnix to Take Over Taito?

    I think this is a good thing, I think we'll have a better chance at getting another Lufia game.

    I'm think that the videogame industry may soon become similar to the movie industry and music industry where there are very few small production companies, and most get bought off by the big companies, so there are only a select number of large companies bring out the games. I mean, you see EA, Microsoft, Sony, and Nintendo buying other companies, its consolidation of the industry. Games need larger budgets now with these powerful systems, so having a larger company backing the games will prove to be more beneficial.

    Comment

      #3
      Re: SquareEnix to Take Over Taito?

      In five years:

      Final Fantasy XIV presented by:

      Square Enix Taito Namco Atlus Tecmo Enterbrain
      Lil' Bean is here!

      Comment

        #4
        Re: SquareEnix to Take Over Taito?

        Go S.E.T N.A.T.E!
        tumut

        Comment

          #5
          Re: SquareEnix to Take Over Taito?

          I read that as "S.E.N.A.T.E".

          Heh, picture Bub and Bob in KH3.
          Last edited by RPGD; 08-26-2005, 01:10 PM.

          ~Updates weekly on Sundays~

          Comment

            #6
            Re: SquareEnix to Take Over Taito?

            This is a good move for Square-Enix; they're going to need all the manpower they can get to help make all of those FFVII sequels.

            Comment

              #7
              Re: SquareEnix to Take Over Taito?

              Originally posted by Pandacon
              I think this is a good thing, I think we'll have a better chance at getting another Lufia game.

              I'm think that the videogame industry may soon become similar to the movie industry and music industry where there are very few small production companies, and most get bought off by the big companies, so there are only a select number of large companies bring out the games. I mean, you see EA, Microsoft, Sony, and Nintendo buying other companies, its consolidation of the industry. Games need larger budgets now with these powerful systems, so having a larger company backing the games will prove to be more beneficial.
              Yeah but it would be a Lufia game made by Square-Enix.

              I think that it's okay to have large production companies as long as we continue to still have the small creative developers.
              The Cyclops having only one eye, needed to seek shelter from the harsh sun. The shadow cast by the spheres gave him temporary respite.

              Comment

                #8
                Re: SquareEnix to Take Over Taito?

                Final Fantasy XIV: Doodle Chronicles.
                ...and that's why.

                Comment

                  #9
                  Re: SquareEnix to Take Over Taito?

                  Originally posted by inragedcow
                  Yeah but it would be a Lufia game made by Square-Enix.

                  I think that it's okay to have large production companies as long as we continue to still have the small creative developers.
                  lol, well, your talking to a big Square fan, so its a good thng in my book.

                  Comment

                    #10
                    Re: SquareEnix to Take Over Taito?

                    I used to be a Square fan.

                    Y'know, before they sucked.

                    Comment

                      #11
                      Re: SquareEnix to Take Over Taito?

                      Yeah I saw them live before they had their first album out.
                      sig removed due to banned words being in playlist.

                      Comment

                        #12
                        Re: SquareEnix to Take Over Taito?

                        I was a fan of Enix before he even joined up with Square. You guys are just posers.
                        Last edited by IRC; 08-26-2005, 04:12 PM.
                        The Cyclops having only one eye, needed to seek shelter from the harsh sun. The shadow cast by the spheres gave him temporary respite.

                        Comment

                          #13
                          Re: SquareEnix to Take Over Taito?

                          Dude, I saw Square up at Harpos, before he even released his first demo.

                          Cool guy, but now he's just a dick.

                          Comment

                            #14
                            Re: SquareEnix to Take Over Taito?

                            More consolidation eventually leads to less choices in games due to greater monotony.

                            This is more bad than good. For the game industry to become like the music and movie industry also means the game industry will forever deviate to the lowest common denominator.
                            The unnecessary felling of a tree, perhaps the growth of centuries, seems to me a crime little short of murder." ~ Thomas Jefferson

                            Comment

                              #15
                              Re: SquareEnix to Take Over Taito?

                              It's been one hell of a ride, though! And we'll still have all of those GOOD games to look back on!
                              Lil' Bean is here!

                              Comment

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