Jump to content
Awoo.

SEGA And Pachinko Maker Sammy Announce Merger


Dreadknux

Recommended Posts

Things have just been a rollercoaster for SEGA lately, haven't they? After rumours of buyouts, following a split from its parent company, it's being reported that it will fully merge with Japanese pachinko company Sammy from October 1.

A report on Gamespot says that the new merged company will be led by current Sammy president, Hajime Satomi. The value of the new company will be around $3.1 billion - so, plenty of reasons for the two to join forces!

"Sega recently announced that it would be cutting its profit forecast for 2002-2003 by 90 percent, while Sammy's sales have tripled over the last three years," Gamespot writes. "The added financial stability provided by Sammy will help Sega focus more on its arcade business and general software development.

"Details of the merger have yet to be finalized, so it's not currently known if the companies will be kept somewhat separate or if it will be an outright merger."

We'll have to keep an eye on things and wait to see if this news will change SEGA's current business strategy. More on this as we get it.


View full story

Link to comment
Share on other sites

  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

  • Dreadknux

    1

Popular Days

Top Posters In This Topic

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

You must read and accept our Terms of Use and Privacy Policy to continue using this website. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.