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Sammy Buys Shares, Angling For Sega Takeover

Posted by simoniker on from the monday-morning-excitement dept.

cdneng2 writes "Following failed merger talks earlier this year, it seems like game developer/pachinko giant Sammy has made a bid to acquire 22.4% of Sega shares. Sega's former parent company CSK sold its shares to Sammy, Japan's largest pachinko machine maker, who also has a game development subsidiary. The article mentions: 'Sega managed to rebuff its most enthusiastic suitors [including Namco, possibly EA, Microsoft] in a determined effort to remain independent', but it seems their efforts may be failing. The piece also notes: 'Sega officials are believed to have been particularly unhappy about a merger with Sammy due to the shady image of the pachinko industry in Japan'."

3 of 32 comments (clear)

  1. Pity about Pachinko's reputation... by DLWormwood · · Score: 4, Insightful
    It's the last surviving profitable form of bagatelle or pinball in the world right now. And pachinko's a destinctinly Asian, if not Japanese, gaming form. You would think that this game would have more success as a cultural export. (I find Japanese slot machines all the time here in the Midwest, but rarely find a pachinko machine.)

    I own one, and I can say that it's very fun to play with. The only prob is keeping the machine fed with ball bearings. They don't recycle their own bearings; they have to be mounted in a special wall for that. I really ought to dig it back out of that attic sometime...

    --
    Those who complain about affect & effect on /. should be disemvoweled
  2. Better than Sony, Microsoft or Nintendo.... by dstyle5 · · Score: 5, Insightful

    ... buying them. If the Sammy buyout goes through then Sega will most likely still develop games for all consoles. :) If Sony, Microsoft or Nintendo would buy them then Sega games would be exclusive to one console again, which isn't fun if you don't have all 3 consoles.

  3. Sega makes Gambling Machines as well by cdneng2 · · Score: 4, Insightful

    Pachinko is an Asian gambling machine, and most people aren't aware that Sega makes gambling machines (Royal Derby, Blackjack, Royal Ascot, Bingo Party, and Roulette Club) as well.