After being in operation since 1983 the Japanese video-game company Capcom has announced it will not use any takeover defense options after falling on hard times:
“The 35th Ordinary General Meeting of Shareholders of Capcom Co., Ltd. was held today, June 16, 2014. At this meeting, the shareholders did not approve our third proposal: Renewal of Countermeasures in response to a Large-Scale Purchase of Shares of the Company (Takeover Defense).”
This basically means any company with enough interest as well as capital could buy enough shares to effectively own Capcom including their various intellectual properties such as Monster Hunter, Street Fighter and, of course Megaman.
However it seems Capcom won’t go down without a fight:
“If there is any large-scale purchaser of Capcom stock, we will react to make necessary measures within the admissible limits of applicable laws and regulations. In addition, we will react to take steps to ensure disclosure of the position of the board of directors and other information and that there is sufficient time for shareholders to examine the proposed large-scale purchase and reach a decision.”
Do you think Nintendo could be a potential buyer for Capcom or maybe you think it doesn’t make sense for Nintendo to purchase the software giant, either way let me know your thoughts in the comments.
