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Nintendo to Buy Sega?
This is an article that I found on the
IGN.com web site, I did not
Nintendo Really Buying Sega?
The rumors are
flying, but this latest report seems to further hint at such a Mario-Sonic
December 27, 2000
A few months ago, IGN received unconfirmed reports that Sega was interested
in selling itself to the highest bidder -- possibly Nintendo. The company
has recently been met with declining sales of its Dreamcast console and
is said to be steadily slipping into financial trouble, so these industry
rumblings were not considered unlikely. Today similar reports of acquisitions
are again surfacing, this time from a news report by the New York Times.
In today's news story, the
major newspaper claims to have information from "executives close to the
negotiations," stating that both companies are, "...holding discussions
that could lead to Nintendo acquiring Sega for about $2 billion." The story
goes on to say that the transactions are not final at this point and that,
".the deal could still collapse."
Naturally, spokesmen for both
Nintendo and Sega are firmly denying the existence of these reported meetings
and instead refer to them as a rumor and nothing more. But according to
these executive insiders, Sega's chairman, Isao Okawa, has actually been
trying to sell the company for some time now and has even proposed such
an offer to Microsoft in the past. IGN previously learned of this supposed
proposition as well and has since heard that Microsoft decided to pass
on the deal with Sega. Whether or not Nintendo will do the same remains
to be seen.
Stay tuned as we bring you
further news of Sega's merger possibilities and attempt to confirm these
reports for ourselves.
©2000 IGN.com. Used without permission.