EA to buy Sega...
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EA To Invest In Sega?
By: D. F. Smith February 28, 2003 10:11 AM PST
Continuing the galactic swirl of merger and buyout rumors surrounding Sega Corporation, the Nihon Keizai Shimbun reports today that the company is negotiating a capital tie-up with Electronic Arts. The deal would inject some of EA's capital into the entity combining Sega and Sammy, subsequent to their recently-announced merger, and allow the two companies to share development and distribution resources.
This report makes no mention of any involvement by Microsoft, which the Asian Wall Street Journal lately reported was considering a buyout of Sega alongside Electronic Arts.
Specifically, the report indicates, EA would purchase the 22% stake in Sega currently owned by CSK Corporation, a Japanese company with a variety of interests. Since the death of former chairman and strong Sega supporter Isao Okawa in 2001, it has long been rumored that CSK was seeking some way to divest itself of its Sega holdings. Insiders also reportedly believe that EA could replace Sammy as Sega's merger partner, if Sega and Sammy shareholders are unable to come to terms during negotiations over their equity ratio and other details of the planned merger.
As the landscape of Sega's future continues to shift, we'll keep you posted on any new developments
At least we'll see Sega's games on ALL platforms... So don't bitch about Sega dropping in quality. Only thing is that Sony might turn into Son'ys bitch.
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