NEWS - Thursday, May 1, 2003


Namco’s May 9th Deadline for Sega

Namco seeks Sega reply to merger proposal by May 9 TOKYO, May 1 (Reuters) - Japanese game maker Namco Ltd said on Thursday it had set a May 9 deadline for fellow game maker Sega Corp to respond to its merger proposal. Namco, creator of the popular "Tekken" fighting video games, said on April 17 that it wanted Sega to open merger talks, threatening to torpedo Sega’s planned October integration with pinball-style ’pachinko’ machine maker Sammy Corp. In an effort to reduce uncertainty among investors, Namco said it written to Sega on Thursday and wanted an answer to its proposal by next Friday. "What the two companies should do now is to clarify what each party is planning to do," Namco said in a statement. A Sega spokesman confirmed that it had received the request and would continue to consider the issue in order to come up with an answer. He declined to elaborate. Last week, board members of Sega, known for its "Sonic the Hedgehog" games, gave the go-ahead for the company to officially consider the merger deals proposed by both Sammy and Namco. Sega has said it was aiming to make a final decision by the middle of May so that a deal could be approved by a shareholders’ meeting slated for late June. Sega is scheduled to announce its earnings for the year that ended in March on May 19 and Namco plans to unveil its results on May 21. Sammy’s earnings announcement is due on May 8. Shares in Sega closed up 4.24 percent at 688 yen, while Namco’s stock rose 3.47 percent to 1,729 yen and Sammy’s stock gained 1.02 percent to 2,475 yen. That compared with a 0.41 percent rise in the benchmark Nikkei 225 average.
Source: http://www.reuters.com/

Comments

Site Statistics

Registered Members: 44,277
Forum Posts: 725,613
Xbox One Titles: 1,007
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,625
Member Reviews: 10,339
News Articles: 13,917
Screenshots: 30,543
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox One S Wolfenstein 2 The New Colossus
Post by oryanphine
1 Replies, 185 Views

Xbox One S Prey
Post by oryanphine
0 Replies, 87 Views

Xbox One S Cuphead
Post by oryanphine
2 Replies, 130 Views

Xbox One S Shadow of War a gagner
Post by oryanphine
0 Replies, 114 Views

I Buy Very Rare XBox 360 Faceplates
Post by Smill
5 Replies, 323 Views

Xbox Wire desormais disponible en francais
Post by oryanphine
0 Replies, 407 Views

Manette Xbox 360 Gamestop Radioactive
Post by oryanphine
1 Replies, 763 Views

Xbox One Moratl Kombat X sur Ebay
Post by oryanphine
0 Replies, 747 Views

Console Xbox 360 et faceplate Xbox 360 in package blue
Post by oryanphine
0 Replies, 681 Views

Seagate Fanfest External Drive Scorpio
Post by oryanphine
2 Replies, 825 Views

Ultimate Game Face
Post by oryanphine
3 Replies, 857 Views

Home screen customization?
Post by DJ tx
2 Replies, 823 Views

Xbox One Manette E317 en vente sur ebay
Post by oryanphine
5 Replies, 1106 Views

Xbox 360 Summer Intern Celebration 2009
Post by oryanphine
0 Replies, 929 Views

Xbox One Limbo
Post by oryanphine
3 Replies, 970 Views

© 2000-2017 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics