QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 44, No. 6, June 2004, Posted On: 5/19/2004

May 19, 2004: Sammy Announces Full Sega Acquisition



TOKYO - Sammy Corp. will pay $1.4 billion in a share-swapping agreement that will enable it to acquire all outstanding shares of Sega, giving it complete control over the firm as of Oct. 1, 2004, the company announced. Terms of the deal represent a 21% premium to be paid by Sammy above Sega's May 17 stock price, Reuters reported. Sega and Sammy will become wholly owned subsidiaries of a newly formed Japanese holding company to be known as Sega Sammy Holdings Inc. Sammy's Hajime Satomi will be president and CEO of the holding company; Sega's Hisao Oguchi will serve as vice-chairman. The deal is subject to approval by shareholders and relevant regulatory authorities. Sammy says it will improve efficiency by streamlining management, combining operations and reorganizing "domestic and overseas subsidiaries." "We intend to' establish Sammy's arcade video game machine 'Atomiswave' as the leading low-cost and high-quality arcade video game machine by enhancing contents through the utilization of Sega's R&D capabilities and globally expanding the market," said company officials. It also plans to "expand the market by promoting online games through networking arcade machines." Sammy currently owns 22.4% of Sega stock, following a $419 million purchase from CSK Corp. last December. Sammy originally planned to merge with Sega in February 2003, but Sega killed the deal.


The material here is from "Ahead of the Times, VT MUSIC & GAMES," an electronic supplement that instantly delivers the latest news in the coin-op music and games industry. If you would like to receive Ahead of the Times by e-mail, or know someone who would, send a request along with the recipient's e-mail address and company name to alicia@vendingtimes.net ; Subject: "SUBSCRIBE: AHEAD OF THE TIMES MUSIC & GAMES." Subscriptions to the newsletter may only be requested by e-mail. Your request may not be fulfilled if the subject line field is incorrect or incomplete.

Topic: Ahead of the Times: Music and Games

  • NOVEMBER 20, 2006: Stories from the November, 2006, Ahead of the Times (Music & Games edition) email news dispatch…
  • NOVEMEMBER 13, 2006: Stories from the Ahead of the Times (Music & Games edition) email news dispatch…
  • AUGUST 17 NEWS: Raw Thrills, Play Mechanix Merge; Florida Jury Approves Adult Redemption; Merit Organizes Raids; AAMA President Forecast
  • AUGUST 14, 2006: Illinois To Pay Court Costs To Home Video Game Industry; Verdict Expected Today In Florida Gaming Arcades Trial; ICMOA Broadband Seminar; Target To Sell Mini-Jukebox; VNEA Charter Holders Workshop
  • JUNE 5, 2006: Lower CD Rates Possible In Future, Says AMOA Official; Global VR Finalizes UltraCade Purchase; Photo-Me Inc. Acknowledges Potential Suitor; Stinger Report Moves To Free Subscription Model; Downloading Jukes Make Wall Street Journal, Again

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570