Following well publicised financial troubles at Tecmo, we learn this evening that the merger between the troubled Ninja Gaiden developer and Koei will push ahead in April - this despite a rival take-over offer from Square Enix.

The two Japanese game makers will be consolidated as part one holding company from April of 2009, the deal creating a company worth 207 million USD.

Koei shareholders will own three-quarters of the new company, each shareholder swapping shares on a one-for-one basis. Tecmo shares will be worth 0.9 shares in the enlarged company, meanwhile.

More on Tecmo's difficulties as we get it.

By Luke Guttridge

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