Nintendo Is Reported in Talks to Buy Sega

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  • SiliGoose
    Senior Member
    • Aug 2000
    • 942

    Nintendo Is Reported in Talks to Buy Sega

    Nintendo Is Reported in Talks to Buy Sega


    December 27, 2000

    By ANDREW ROSS SORKIN, STEPHANIE STROM and JOHN MARKOFF

    Nintendo's Super Mario may be coming to the rescue of Sega's Sonic
    the Hedgehog.

    Nintendo, the Japanese video game systems company that popularized
    arcade-style games at home, is in talks to buy Sega, the
    beleaguered video game maker that revolutionized the industry in
    the early 1990's with its fanciful characters and eye- popping
    virtual worlds.

    According to executives close to the negotiations, the two
    companies are holding discussions that could lead to Nintendo
    acquiring Sega for about $2 billion, though the terms of the
    transaction are still being negotiated.

    The talks have been going on in fits and starts for months, the
    executives said, and the deal could still collapse.




    -Sili
    www.campmurphy.net
  • Joey Millison
    Moderator Emeritus
    • Aug 2000
    • 1022

    #2
    I wonder just how far this will go. If Ninetendo eats up Sega it will leave Sony and Microsoft as their only big competeters. And as long as Sony has the game support for the PS2 as they did for the PS1 they'll still be #1 in my personal book I'd be curious to see how this turns out...

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    • SiliGoose
      Senior Member
      • Aug 2000
      • 942

      #3
      Nintendo's denial of the rumor has been pretty strong. I wonder if there is really anything to it...still, the NY Times reported it.

      If Sega is going to be gobbled up I like the idea of Nintendo being the new parent. A merger of Japan's number 1 and 2 game software developers could yeild magic for Nintendo's Gamecube.




      -Sili
      www.campmurphy.net

      Comment

      • Lexman
        Super Senior Member
        • Jun 2000
        • 1777

        #4
        They pick up technical minds, and they pick up production capacity. Gear up for a big system release. Hopefully one where there is actually product on the shelves upon release. lol.

        This isn't surprising at all, as big a flop as Dreamcast seems to have been. They invested heavily in it I assume, to only be hot for just a short time. Then it seemed, nobody wanted them. I saw several for sale at local pawn shops.

        Lex





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