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  • Sammy purchases 22.4% of SEGA shares

    It has been announced today via the Associated Press that Sammy will buy a 22.4% stake in Sega, although the reasons behind this decision have not been explained.

    Recent talks between the two companies over a merger fell through earlier in the year, as did talks with Namco. Now, Sammy will be required to spend $419 million on purchasing the 22.4% share of Sega.

    Financial commentators are already expecting Sammy to launch a takeover bid once their share reaches the required 33%.

    — Andrew Burnes

    Source: IGN Cube