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Just To Add Fuel to the Fire...

by Zosha Arushan - December 26, 2000, 10:28 pm PST
Source: Biz.yahoo.com

The recent "news" about Nintendo buying Sega is having drastic effects on Sega's stock.

Looks like the Sega/Nintendo news isn't done just yet. Take a look at what Yahoo news has just reported:

TOKYO, Dec 27 (Reuters) - The Tokyo Stock Exchange said on Wednesday it has suspended trading of shares of video game

maker Sega Corp .

Sega shares last traded up by their 100 yen limit or 10.48 percent at 1,054.

The shares jumped after the New York Times reported that Japanese video game firm Nintendo is in talks to buy rival Sega for

about $2 billion, citing executives close to the negotiations.

Does this sound suspicious to you? Or was this entire rumour a ploy to get the stock price to jump? Hopefully we'll get some sort of confirmation one way or the other sometime in the near future.

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