RPGFan


Sega, Sammy Merger Falls Through
05.08.03 - 1:55 PM

Sega today announced that it has ended negotiations with Sammy regarding the two companies' proposed merger. It will now persue a merger with Namco. Nonetheless, Sega president Hideki Satou said that the voices calling for Sega to stay independent are deep-rooted within his company. As for the reasons leading to today's collapse of the talks between Sega and Sammy, Satou mentioned that there were differences regarding the merger's style and proceedings as well as how the new company after the merger should have looked like. Sammy president Hajime Satomi was a bit more concrete saying one of the main issues was the discussion regarding the merger-related stock exchange ratio. For the time being it was impossible to go ahead and Sammy would take a wait-and-see approach.

Namco stated that it has yet to receive a concrete reply from Sega and therefore has decided to withdraw its merger proposal. Nonetheless, Namco seems not uninterested in the merger, as the press release noted that if Sega should come forward with a new proposal, Namco would consider it in good faith.


Back
Chris Winkler





Coming Up on Twitch

The Dwarves
Sunday, Dec. 11 • 10am PST/1pm EST

Shining Force
Every Tuesday • 11am PST/2pm EST

Final Fantasy V
Every Wednesday • 5pm PST/8pm EST

Valkyria Chronicles
Every Thursday • 5pm PST/8pm EST

Suikoden V
Every Friday • 5pm PST/8pm EST

Featured Content
Retro Encounter Bonus Round: December Exhibitions
Retro Encounter Bonus Round: December Exhibitions
Podcast
Darksiders: Warmastered Edition Review
Darksiders: Warmastered Edition
Review
Final Fantasy XV Review
Final Fantasy XV
Review
7TH Dragon III code:VFD Original Soundtrack & Songs Review
7TH Dragon III code:VFD Original Soundtrack & Songs
Review
Random Encounter Episode 119: Wait, Final Fantasy XV Is Actually Out?!
Random Encounter Episode 119: Wait, FFXV Is Actually Out?!
Podcast
Root Letter Review
Root Letter
Review
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter