Topic: Sega Investors Approve of Sammy Merger

[Bloodworth]

Investors accepted the proposed merger of Sega and Sammy at a general stockholders meeting today.

The next step in the developing story of the merger between Sega and Sammy, Sega's shareholders today approved of the pending merger in October.  With Sammy's shareholders doing the same just last Friday, it appears that all is set for the two to join forces and become Sega Sammy Holdings.

The merger amounts to a buyout for Sammy stockholders since they will swap their current stock for an equal number of shares in the new company, while Sega stockholders will only receive 28% of what they currently hold.

All of Sega's independent teams, including Amusement Vision, Sonic Team, Smilebit, etc.,  will re-integrate with Sega before the October merger takes place.  Sega and Sammy will intially continue to act as separate operations, but by 2007, the two companies will have completely consolidated.  However, each brand name will continue to be used in its traditional markets.

[nickmitch]

Sega stock holders are getting ripped off.
But as long as theres a super monkey ball 3 and a billy hatcher 2, I think I'll be allright.

[Infernal Monkey]

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Originally posted by: TVman
Sega stock holders are getting ripped off.
But as long as theres a super monkey ball 3 and a billy hatcher 2, I think I'll be allright.

Yeah, on PS2 maybe. Sammy appear to have massive angry bowel problems over the GameCube.

[Ian Sane]

I'd say this is the end of Sega as we know it.  With Sammy calling the shots they're no longer Sega anymore.  It's just a brand name like SNK or Atari.

Hopefully Yuji Naka will join Nintendo.  Lord knows he would fit in perfectly.

[Uncle Rich AiAi]

I hope they gimmie my Shenmoo III.

grrrrrrrrrrrrrrrrrr....

[Djunknown]

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I hope they gimmie my Shenmoo III.

yeah really, before I'm 30...

So long Sonic. Even though Sonic has done very on the 'Cube, Sammy will probably take him elsewhere.  Aside from going into the lucrative portable market, its most likely Sega-Sammy will miss the 'Revolution' if you know what I mean.

Maybe the upcoming Odama will be the last of Sega's legacy....