Matt Martin
10:34 (BST)
31/03/2008
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Capcom acquires Tenchu developer K2
Capcom is to acquire K2, developer of the acclaimed stealth series Tenchu.
The deal will be completed via an exchange of stock with K2 shareholders receiving 3,362 shares of Capcom stock for each share of K2 stock, totalling 201,720 Capcom shares.
"K2 has a proven record as a reliable provider of game development services for Capcom. By making this company a wholly owned subsidiary, Capcom plans to make its game development activities more efficient and speedy," said the company in a statement.
"Capcom also believes that pursuing a business strategy based on closer ties with K2 will help increase the value of the entire Capcom Group," added the publisher.
The deal is expected to complete on May 1, 2008.
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