It's simply because of Nintendo's falling stock of late, NCSoft do have a lot of funding and could afford Nintendo at present.
Not that Nintendo would ever sell of course.
I think you are underestimating how big NCSoft actually is though. As an example Nintendo shares currently sell for around $14 where as NCSoft shares sell for over $200. There's a lot more there than meets the eye.
Exactly, which is why I think people are underestimating NCsoft's ability to make a large purchase.
It's simply because of Nintendo's falling stock of late, NCSoft do have a lot of funding and could afford Nintendo at present.
Not that Nintendo would ever sell of course.
I think you are underestimating how big NCSoft actually is though. As an example Nintendo shares currently sell for around $14 where as NCSoft shares sell for over $200. There's a lot more there than meets the eye.
Ah... it seems I am. If their stock price is that high, then I suppose my original thoughts were very wrong as well. NCSoft might well be able to buy out whatever company they please.
I still don't understand it, though. How many people outside the MMO genre have even heard of NCSoft? Versus a household name like Nintendo?
I agree Nintendo is highly unlikely not because of price but rather I don't see NCSoft wanting to get into the console market just yet, but EA and Activision are actually both within NCSofts realms for acquisition/merger.
Bare in mind that Vivendi has been desperate to offload Activision for a long time, so it isn't outside the realms of possibilities.
Best theory I've seen so far is Funcom, however I'm not sure what NCSoft would gain from that purchase.
What I meant by saying Nintendo was self-contained is that I can't imagine them being willing, with their level of dedication to their own ideals, being willing to risk takeover by publicly trading a controlling share of stock. I could be wrong here, of course, but I'd be amazed if this ever happened. Though if it did, we might actually get a real controller from them again... hmm.
As for having the clout, I just don't see how that is possible. You're talking about one of the biggest worldwide gaming companies (Nintendo) versus NCSoft, which... has Aion? Guild Wars? CoH? Nintendo has probably sold near twice as many Wii units than all of those games combined (at 25+ million), not to mention actual games for them, or their other offerings. Even if the profit margin on the Wii units is much smaller, I still can't see NCSoft being in the running against them.
It's simply because of Nintendo's falling stock of late, NCSoft do have a lot of funding and could afford Nintendo at present.
Not that Nintendo would ever sell of course.
I think you are underestimating how big NCSoft actually is though. As an example Nintendo shares currently sell for around $14 where as NCSoft shares sell for over $200. There's a lot more there than meets the eye.
That depends on the quantity of shares. I dont know what the number of shares are for each company but the price means nothing on its own.
bcbully, you do realize all it would take is for 3 people who own 5% each to have a larger say than Nexon right? If you want to spam about takeover and controlling interest, you should look at Vivendi and Activision/Blizzard. Nexon only owns 14.7%, Vivendi owns 61%.
As a CPA, let me assure you that bcbully is completely wrong (not that I needed to tell most of you). I'm really not going to go into tax code and GAAP laws, but a "hostile takeover" has to be, well, HOSTILE and a TAKEOVER. If this stock purchase was malicious, the gaming press would have been all over this story. It was nothing more than a blip on the radar for them
"It takes a big man to admit he is wrong. I am NOT a big man" ~~Irwin M. Fletcher
bcbully, you do realize all it would take is for 3 people who own 5% each to have a larger say than Nexon right? If you want to spam about takeover and controlling interest, you should look at Vivendi and Activision/Blizzard. Nexon only owns 14.7%, Vivendi owns 61%.
As a CPA, let me assure you that bcbully is completely wrong (not that I needed to tell most of you). I'm really not going to go into tax code and GAAP laws, but a "hostile takeover" has to be, well, HOSTILE and a TAKEOVER. If this stock purchase was malicious, the gaming press would have been all over this story. It was nothing more than a blip on the radar for them
"It takes a big man to admit he is wrong. I am NOT a big man" ~~Irwin M. Fletcher
A good example of a hostile take over would be the Porche v Volkswagen fiasco. Porche used a number of puppet organisations to buy a huge amount of shares in Volkswagen, but nobody knew it was going on.
Then Porche told everyone they controlled these companies, and that they now owned a controlling share in Volkswagen. Everyone cried. It was very hostile.. Volkswagen tried to sue Porche, and also tried to claim that what they had done was illegal. Porche had a number of Volkswagen executives fired. It was all very messy... and very hostile... and a takeover.
Yeah, he doesn't know what a hostile takeover is or what controlling interest is. Controlling interest can be smaller than 50%, but it is decided by the company what that percentage is. Obviusly 14.7% is far too low in this case as it's likey 50% like you say at NCSoft.
Look at the headline of the article for a little highlight on all this:
TOKYO, June 8, 2012 /PRNewswire/ -- NEXON Co., Ltd. ("Nexon") (3659.TO), a worldwide leader in free-to-play online games, today announced that it has made a strategic investment in NCsoft Corporation ("NCsoft") (036570.SE), a global online game developer and publisher. Nexon today acquired 3,218,091 shares of NCsoft in a private transaction from Chairman, CEO, and Founder Taek Jin Kim at a price per share of KRW 250,000 in cash, for a total acquisition cost of KRW 804,522,750,000. As a result of this transaction, Nexon has become NCsoft's largest shareholder with a share ownership of 14.7 percent.
lul...
How can you explain controlling interest to someone when they refuse to listen to the definition of controlling interest?
GG man.
Investopedia explains 'Controlling Interest'
For the majority of large public companies (such as those that belong to the S&P 500), a shareholder with much less than 50% of the outstanding shares can still cause a lot of shake-up at the company. Single shareholders with as little as 5-10% ownership can push for their own seats on the board, or enact changes at shareholder meetings by publicly lobbying for them.
Comments
Exactly, which is why I think people are underestimating NCsoft's ability to make a large purchase.
Ah... it seems I am. If their stock price is that high, then I suppose my original thoughts were very wrong as well. NCSoft might well be able to buy out whatever company they please.
I still don't understand it, though. How many people outside the MMO genre have even heard of NCSoft? Versus a household name like Nintendo?
That depends on the quantity of shares. I dont know what the number of shares are for each company but the price means nothing on its own.
"Be water my friend" - Bruce Lee
As a CPA, let me assure you that bcbully is completely wrong (not that I needed to tell most of you). I'm really not going to go into tax code and GAAP laws, but a "hostile takeover" has to be, well, HOSTILE and a TAKEOVER. If this stock purchase was malicious, the gaming press would have been all over this story. It was nothing more than a blip on the radar for them
"It takes a big man to admit he is wrong. I am NOT a big man" ~~Irwin M. Fletcher
A good example of a hostile take over would be the Porche v Volkswagen fiasco. Porche used a number of puppet organisations to buy a huge amount of shares in Volkswagen, but nobody knew it was going on.
Then Porche told everyone they controlled these companies, and that they now owned a controlling share in Volkswagen. Everyone cried. It was very hostile.. Volkswagen tried to sue Porche, and also tried to claim that what they had done was illegal. Porche had a number of Volkswagen executives fired. It was all very messy... and very hostile... and a takeover.
I may be wrong, however.
Since you're an expert on financial matters, can you explain why Funcom is trading near its 52-week low and has cratered 66% since mid April?
"Loading screens" are not "instances".
Your personal efforts to troll any game will not, in fact, impact the success or failure of said game.