Major Tecmo Shareholder Opposes Koei Merger
Gamasutra - December 26, 2008
Submitted by mrahaju (36) at 12:02AM PST on December 27, 2008
Effissimo Capital Management, a Singapore-based investment advisory company and Tecmo's second-largest shareholder, opposes the Ninja Gaiden studio's plans to merge with developer and publisher Koei (Dynasty Warriors series). The investment firm, which owns a owns 17.6 percent stake in Tecmo, claims that the video game company has not adequately explained how the fusion will benefit investors.