Topic: Square-Enix to buy Taito?

[BlackNMild2k1]

Does anyone here know japanese?

can you translate the important parts of this PDF?

Taito: the stock buy out

Square is attempting a stock buy-out of Taito, they need 67% of the stocks, the link is in the post below.

[BlackNMild2k1]

A readable source - this one is in english

Quote
Aug. 22 (Bloomberg) -- Square Enix Co., Japan's top maker of role-playing video games, offered to pay as much as 67 billion yen ($610 million) to buy arcade game maker Taito Corp., becoming the latest games company to merge amid increased competition.

Tokyo-based Square Enix will pay 181,100 yen a share for 67 percent of the 370 million shares outstanding in Taito, and plans to buy the whole company, according to a statement. The offer is at a 12 percent premium to Taito's close today, and will be open from tomorrow to Sept. 21. Kyocera Corp., Taito's largest shareholder, will sell its 36 percent stake to Square Enix.

Square Enix, which makes the ``Final Fantasy'' game series, is seeking ways to increase market share and cut development costs in the $20 billion video games software market. Buying Taito, which created the ``Space Invaders'' arcade game, will allow it to expand beyond its range of role-playing titles to compete against Sega Sammy Holdings Inc. and Nintendo Co.

[BlackNMild2k1]

This just in....

Fox (who just recently purchased Myspace.com) is now trying to aquire IGN networks

$800 million dollars (/Dr. Evil)

Quote
The latest object of News Corp's attentions is IGN Entertainment, which specialises in video games news and male lifestyle sites and would cost north of $800m to buy. Earlier this week it emerged that News Corp was also in talks to buy Blinkx, a video search engine, to add to a string of internet acquisitions which have included Intermix, operator of the social networking site MySpace.com, Scout Media, a sports internet company, and an online real estate listing company in Australia.

Could be worth 1 Billion dollars?

Quote
Problem is, IGN recently filed for an IPO, and with an expected valuation of $1 billion it could be expensive.

IGN a likely buy

Quote
In July, Brisbane, California-based IGN filed a registration statement with the U.S. Securities and Exchange Commission for an IPO, so this may be the right time for News Corp. to make an acquisition. Mr. Murdoch has indicated he plans to increase his presence in the Internet industry, and a report in Friday’s Financial Times cites IGN as a likely buy.  

[Bloodworth]

You didn't even let anyone guess....

[KnowsNothing]

Everyone would have guessed "EA buys X" anyway, good job with the misleading title.

[TMW]

Oh gawd.  

Last thing we need is Fox having -anything- to do with Nintendo.  

[NinGurl69 *huggles]

Don't worry, EA will buy Fox.

[Leon Esla]

Heh.  I was offered to write an article about this for some website a few days ago.  I wish I would have now, because it's become quite big news.  Curse me and my laziness!  Curse it to hell!

[stevey]

"Don't worry, EA will buy Fox. "

N_O_O_O_O_O_O_O_O_O_O_O_O_O
_O_O_O_O_O_O_O_O_O_O_O_O_O! Your incorrect Fox is buying IGN.com  

[BlackNMild2k1]

Quote
Originally posted by: Bloodworth
You didn't even let anyone guess....

you were supposed to guess before you entered the thread

[BlackNMild2k1]

You'll never believe this one.....

Nintendo is attempting to buy 2.2 million shares [1.55% of the 130 million outstanding] of Nintendo worth $233.5 million

nintendo currently owns 11,592,874 shares [8.9%] of its publicly issued stock and has a cash reserve of ~ $7.5 billion.


Source...

Quote
from Gamespot

Nintendo has been cautious about corporate takeovers for about the past year, analysts say. Today's move is seen as another step toward heading off any uninvited takeover bids. The Nintendo announcement comes only four days after Square Enix announced a friendly $600 million takeover bid for Taito.

well, I let you guess this time. Did you guess right?