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Issue Date: Vol. 43, No. 3 / March 25, 2003 - April 24, 2003 , Posted On: 4/17/2003


NAMCO PROPOSES MERGER WITH SEGA

TOKYO -- (Posted April 17) Namco Ltd. announced today that it has tendered a merger bid to longtime rival and sometime ally Sega Corp., according to numerous wire reports. The move comes nine weeks after Sega's president signed an agreement in principle for Sega to merge with Sammy Corp. According to Forbes, "A Sega-Namco merger would rank fifth in the market (i.e, the overall Japanese economy) with annual sales of 350 billion yen ($2.9 billion) and market capitalization of $1.74 billion, similar to that of Square-Enix." (The latter two merged on April 1.) A merged Sega-Namco would be the largest video game manufacturer in Japan, surpassing Konami, which currently holds the lead. Sega-Namco would also be Japan's largest arcade operator with 30 percent of sites, Forbes reported. On the Tokyo Stock Exchange, Sega stock prices, which fell after the Sammy merger announcement, have reportedly jumped 15 percent following the news of Namco's offer. Sources quoted Sega officials who said they are "studying" the Namco offer but have set no timetable for action.


Topic: Ahead of the Times: Music and Games

Articles:
  • 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

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