Reuters is reporting that Koei’s acquisition of Tecmo was completed today. This consolidation will happen via a stock deal worth roughly 20 billion yen ($206 million). Koei and Tecmo will merge operations under a holding company in April.
Tecmo shares will be divvied up into 0.9 shares in the collective holding company. This new firm, called Tecmo Koei Holdings, will be allotted one of its shares to each Koei share, giving Koei shareholders a three quarters stake in the new entity. The firm is seeking to have profits of 16 billion yen ($165 million) on sales of more than 70 billion yen ($723 million) by the year ending March 2012.
Source: GameDaily