Tokyo - Japanese video game publisher Square Enix said on Friday that it has made a bid for a majority stake in struggling fellow game publisher Tecmo, in a deal valued at about $102 million.

Square Enix, developer of the "Final Fantasy" franchise, offered 920 yen per share, a premium of about 30% over Tecmo's closing price on Thursday.

The offer comes in the wake of the resignation of Tecmo president Yoshimi Yasuda for personal reasons earlier this month, and the departure of star developer Tomonobu Itagaki ("Ninja Gaiden," "Dead or Alive").

Square Enix said its current offer for Tecmo would expire on Sept. 4.

Related Links:
http://snipurl.com/3l1xh (Reuters)

http://snipurl.com/3l1xn (Times Online)

http://snipurl.com/3l1zh (DMW previous coverage)

http://www.square-enix.com

http://www.tecmogames.com