Earlier this week Bloomberg reported that a large stake holder of Tecmo has voiced some dissent regarding the Japanese merger of Tecmo and Koei. Effissimo Capital Management Pte has made the following statement:
“We have not had sufficient information from the company to make a judgment on the merger, such as the feasibility of their plan to raise shareholder value,” Effissimo Director Takashi Kosaka said in the statement.
No reason to say this merger won’t happen at this point in time. This is just an investor who is concerned about their investment and who are interested in everyone making well informed decisions. Definitely a wise comment to make in the current economic climate. One would hope the Tecmo and Koei management teams will address this and any other investor concerns quickly.
In the turbulent times we are living globally, I thought it would be relevant to highlight some of the industry happenings as there are potential impacts to the gaming public. Hopefully this will continue as semi-regular Loot-Ninja feature. The following have been the recent headlines in no particular order. Hit the links for the Loot-Ninja articles.
Lots of grim news financially and lots of studios shutting down, downsizing, rightsizing, etc. The global recession taking a toll on the gaming industry, probably. The above news updates are pretty similar to latest news in the banking industry. In case you’ve been living in a cave for the past year that means things are not very good.
By Keith Carter
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Tagged Activision Blizzard, amazon, Avalanche Studios, Brash, Budcat Creations, E for All, Electronic Arts, Industry update, Koei, Konami, midway, Reflexive, Square Enix, Take Two, Tecmo, THQ, Vivendi, WizKids
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