IGN recently had the opportunity to sit down and discuss upcoming games in the Sonic series with the man himself, Yuji Naka.
Source: IGN Cube
IGN recently had the opportunity to sit down and discuss upcoming games in the Sonic series with the man himself, Yuji Naka.
Source: IGN Cube
Sammy has finally done it.
Sega revealed today a reshuffling of its upper management that includes a few ousted directors and a brand new chairman. Taking the role of chairman and representative director of the company as of Feburary 17 is Hideki Satomi, president of Sammy. Current chairman Hideki Sato will now hold the position of vice chairman and director. Hisao Oguchi remains the president and representative director.
Hideki Satomi founded Sammy in 1975 and became its CEO in 1980. Following Sammy's purchase of 22.4% of Sega from CSK in December of 2003, Sammy became the largest shareholder in the company, with Satomi becoming a special advisor.
In addition to Satomi's appointment, a couple of changes were made to the Sega board. Two board directors, Masahiro Aozono and Makoto Kaneshiro, both connected with the CSK side of Sega's investment partners, resigned as of February 16. Meanwhile, Sammy's Yoshiharu Suzuki became a board director.
What does this mean for Sega's fortunes in the game business? We'll have to wait and see.
Source: IGNCube
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