Reuters reports that Tecmo has let Square Enix's takeover bid expire and instead appears ready to merge with Koei. Tecmo execs say Koei has a "greater chance of boosting corporate value" than Square Enix. Really?

Um, Final Fantasy and Kingdom Hearts on one hand. Dynasty Warriors and Kessen on the other. Call us biased against Dynasty Warriors, but which one seems more valuable to you, readers?

Square had offered Tecmo $206 million on "friendly" terms to get the deal done. They've not giving up without at least trying their limit break attack on Tecmo. Square says its next step is to learn more about Tecmo's rationale. Then Square will decide how to proceed from there. Stay tuned because this one isn't over.