The other Miyamoto bitches about conditions of Square-Enix merger Masafumi Miyamoto, Square's founder and owner of 40% of the company, has voiced discontent about the conditions of the merger between Square and Enix. A dispute over the exchange ratio of shares (100 of Square shares for 81 of Enix) threatens the merger, according to Enix chairman Yasuhiro Fukushima, who has called a special shareholder's meeting to vote on going ahead with the merger under the current plan. Gamers.com
Square/Enix merger back on track The dispute between Masafumi Miyamoto, Square's top shareholder, and Enix chairman Yasuhiro Fukushima has been resolved, putting the merger back on track for the start of the new fiscal year. The board members from both companies agreed to raise the share swap ratio to 0.85 (up from 0.81) Enix shares for every 1 Square share. In other words, the Enix side gave the Square side more money. Though still unhappy with the deal, Miyamoto accepted the compromise. Full Article
Capcom to Nintendo: "please buy our shitty, depreciated stock" Although the rumored purchase of Capcom by Nintendo was indeed denied, kicked to the curb, and spat upon by Capcom, some Japanese rag called "GameLabo" is reporting that Capcom wants to sell shares to Nintendo, says Games Are Fun. However, the bigwigs at Capcom are not ignorant, nor foolish and are well aware of the dastardly evil Nintendo is capable of. Hence, Capcom will not sell a majority to them. Capcom's shares were down almost 25% last year and continue on their inevitable downward spiral of monetary damnation.
Nasdaq may kick Acclaim off the market According to GamePro, Acclaim has been notified by Nasdaq that their position in the market - albeit a shitty and drab one - is in jeopardy. Nasdaq says that Acclaim stock has been trading for under a dollar in the past 30 trading days, a violation of minimum stock trading requirements. Nasdaq has given Acclaim a July ultimatum to get their stock above a dollar.