Latest in Gaming

Image credit:

Iwata: Nintendo considering mergers and acquisitions as an option

Share
Tweet
Share
Save

Sponsored Links

Nintendo President Satoru Iwata said mergers and acquisitions are an option for turning the company's fortunes around in a Nikkei interview. Iwata said the company "should abandon old assumptions about our businesses. We are considering M&As as an option. For this reason, we'll step up share buybacks."

This echos Iwata's statements during a press conference earlier this month in which he said Nintendo is "thinking about a new business structure" and is specifically "studying how smart devices can be used to grow the game-player business." It also follows news of the company having to drastically cut its forecasts for the fiscal year, taking its expected Wii U shipments down from 9 million to 2.8 million.

Additionally, Iwata commented on the option of Nintendo delisting itself from the stock market, saying that "quarterly earnings reporting is not a good fit for Nintendo." He said that even when Nintendo thinks a goal is reachable, it doesn't for sure know whether a product will be a hit. "But it is thanks to the stock market that Nintendo has grown to what it is today. I don't want to turn to a management buyout just because we are inconvenienced now," he added.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's 2019 Back-to-School Guide

Engadget's 2019 Back-to-School Guide

View
Apple warns against storing its titanium credit card in leather

Apple warns against storing its titanium credit card in leather

View
Google's next Nest Mini speaker could be wall-mountable

Google's next Nest Mini speaker could be wall-mountable

View
Microsoft tests more control for apps that restart with Windows 10

Microsoft tests more control for apps that restart with Windows 10

View
Terminator T-800 and The Joker are coming to 'Mortal Kombat 11'

Terminator T-800 and The Joker are coming to 'Mortal Kombat 11'

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr