Originally posted by jusomdude I think Activision/Blizzard would buy back itself before it let NCSoft do it.
I would try to secure my own fate first as well before I become somebody's lackey. LOL
They are already Vivendi's lackey. It does raise a good point though, can Blizzard buy itself back? Can they make enough money to buy back their own value? If Blizzard continues to make a profit though, would that not raise their value? Can a company ever buy back its own value? Is it even possible?
It's possible. Blizzard will have to find private investors who are willing to do this. I hope it does because its games have sucked since Activision bought it.
Dosen't look like they are buying anything. 6 million loss last quarter...
NCSoft lost a lot of money because they bought some IP (Intellectual Property) and its other game sales couldn't make up for that amount of financial drain. It doesn't mean NCSoft is tanking and it doesn't mean its games aren't profiting.
Amazing thread here... They just got taken over by nexom... They just lost 6 million. Still you guys think they are in the buyers market?
Wake up people.
Nexon purchased 14.7% of NCsoft stock for $685 million USD; thus becoming the shareholder with the largest percentage. That is very different from "they just got taken over by nexon".
Just like Vivendi is Activision/Blizzard's largest shareholder (with 61%), Nexon is now NCsoft's largest shareholder. What this means is not so much about being "bought out or taken over" but with regards to investments. If you read about Nexon's reasons for making the purchase it would actually encourage any future investor in NCsoft as opposed to discourage them. Nexon invested in NCsoft because they see the potential for growth; which is a good thing.
As to thinking if NCsoft is in the "buyers" market, it's no something we are making up, its called hard news. The news about NCsoft making a M&A purchase offer to a large overseas gaming company is not something we made up here on the forums, it was reported by KDB Daewoo Securities... did you even bother reading the OP or watching the linked gamebreaker article? (you don't even have to read it, you can just watch it).
FC has been struggling for a while, their stock is really cheap. They are already active in the F2P market. They have built and refined their own game engine which is working extremely well in TSW.
AND Funcom have called an extraordinary general meeting of shareholders which takes place at the end of this month...
This post has some merit.... It could be Funcom....
Think small guys... NCSoft won't buy a big company (the ones mentioned), or an other F2P company (FunCom / Turbine).
If NCSoft is to acquire a Western MMO developer, I think CCP is the most logical option. EVE is a settles name and doing quite well. WoD on the other hand seems one that's been 'forgotten' about - I don't know about you, but I haven't heard sh!t about it last year. This might indicate that either WoD is shelfed, or that CCP has some financial issues to keep EVE up & running and develop a new game at the same time...
Think small guys... NCSoft won't buy a big company (the ones mentioned), or an other F2P company (FunCom / Turbine).
If NCSoft is to acquire a Western MMO developer, I think CCP is the most logical option. EVE is a settles name and doing quite well. WoD on the other hand seems one that's been 'forgotten' about - I don't know about you, but I haven't heard sh!t about it last year. This might indicate that either WoD is shelfed, or that CCP has some financial issues to keep EVE up & running and develop a new game at the same time...
Amazing thread here... They just got taken over by nexom... They just lost 6 million. Still you guys think they are in the buyers market?
Wake up people.
Nexon purchased 14.7% of NCsoft stock for $685 million USD; thus becoming the shareholder with the largest percentage. That is very different from "they just got taken over by nexon".
Just like Vivendi is Activision/Blizzard's largest shareholder (with 61%), Nexon is now NCsoft's largest shareholder. What this means is not so much about being "bought out or taken over" but with regards to investments. If you read about Nexon's reasons for making the purchase it would actually encourage any future investor in NCsoft as opposed to discourage them. Nexon invested in NCsoft because they see the potential for growth; which is a good thing.
As to thinking if NCsoft is in the "buyers" market, it's no something we are making up, its called hard news. The news about NCsoft making a M&A purchase offer to a large overseas gaming company is not something we made up here on the forums, it was reported by KDB Daewoo Securities... did you even bother reading the OP or watching the linked gamebreaker article? (you don't even have to read it, you can just watch it).
wake up bcbully
No this is called a hostile takeover. The term take over is the correct term here. Nexom has a controling stake in NCsoft. They are the majority share holder.
Vivindi, acti-blizz is a totally different relationship. An agreement was made.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
No this is called a hostile takeover. The term take over is the correct term here. Nexom has a controling stake in NCsoft. They are the majority share holder.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
Gdemami - Informing people about your thoughts and impressions is not a review, it's a blog.
No this is called a hostile takeover. The term take over is the correct term here. Nexom has a controling stake in NCsoft. They are the majority share holder.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
You are confusing Activision buying blizzard for the same thing as Nexom taking control of Ncsoft.
Morhaime did not go rogue and sell his shares. An agreement was made between the two companies which gave blizzard some rights in the transisiton.
Originally posted by Razeekster I doubt they'd want to buy any of the above companies mentioned...
To further expand on this;
Funcom isn't a 'desirable' company right now.
It is a middlish company that has a nice cashflow but that's it. Plus the 200+ staff will be a hurdle for anyone looking for a 'buy'.
EA is probably too big for anyone and way too complicated for anyone for the benefits they get.
Acti-Blizz is 3 times EA's size so no one in the gaming business (other than Microsoft, Apple, etc) has the cash for it.
I can see 'tencent' going for something like EA to make a 'splash' in the western scene though. They won't make money off of it (least not in the first 5 years) but the brand awareness might be worth it for them.
Gdemami - Informing people about your thoughts and impressions is not a review, it's a blog.
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
You are confusing Activision buying blizzard for the same thing as Nexom taking control of Ncsoft.
Morhaime did not go rogue and sell his shares. An agreement was made between the two companies which gave blizzard some rights in the transisiton.
Nice strawman you got there but this post makes zero sense.
Look, you said something without proper research (which google would have told you in 5secs /facepalm) and got called out.
Just say 'hey I got it wrong' and move on.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
You are confusing Activision buying blizzard for the same thing as Nexom taking control of Ncsoft.
Morhaime did not go rogue and sell his shares. An agreement was made between the two companies which gave blizzard some rights in the transisiton.
Nice strawman you got there but this post makes zero sense.
Look, you said something without proper research (which google would have told you in 5secs /facepalm) and got called out.
Just say 'hey I got it wrong' and move on.
What amazes me is that he knows all the details behind both transations; Vivendi's purchase of Activion/Blizzard stocks and Nexon's purchase of NCsoft stocks. bcbully, can you please post information to support your claim that Nexon's purchase was a hostile takeover (i.e. proof, not skewed interpretations of economic terminology).
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
So you think 'Chairman / Co-founder' is not part of company's management. Even though NCSoft is a public company....
I need more 'facepalm's. ROFL.
Gdemami - Informing people about your thoughts and impressions is not a review, it's a blog.
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
edit- you didn't need to edit out my OP, did you?
fascinating...
So Nexon bypassed NCsoft's management (i.e. chairman and the board) and went directly to the shareholders and bought shares from them, in order to usurp the power of the current management, instead of buying shares from... oh wait, who did Nexon by shares from? Oh yeah... NCsoft's chairman, Kim Taek-Jin.
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
So you think 'Chairman / Co-founder' is not part of company's management. Even though NCSoft is a public company....
I need more 'facepalm's. ROFL.
He is a shareholder in this sense. They made him a offer he couldn't refuse. They bought him out. Nexom took over NCsoft. They have a controlling stake.
They didn't merge. Through the CEO they bought a controling stake. You can color it how you like, but this is what it is.
feel free to edit and continue if you like. I'll bbl.
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
You are confusing Activision buying blizzard for the same thing as Nexom taking control of Ncsoft.
Morhaime did not go rogue and sell his shares. An agreement was made between the two companies which gave blizzard some rights in the transisiton.
Nice strawman you got there but this post makes zero sense.
Look, you said something without proper research (which google would have told you in 5secs /facepalm) and got called out.
Just say 'hey I got it wrong' and move on.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
edit- you didn't need to edit out my OP, did you?
But this didn't happen... The guy whose on top at NCsoft basically gave his blessings to Nexon (the guy running NCsoft and the one running Nexon are both good friends).
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
You are confusing Activision buying blizzard for the same thing as Nexom taking control of Ncsoft.
Morhaime did not go rogue and sell his shares. An agreement was made between the two companies which gave blizzard some rights in the transisiton.
Nice strawman you got there but this post makes zero sense.
Look, you said something without proper research (which google would have told you in 5secs /facepalm) and got called out.
Just say 'hey I got it wrong' and move on.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
edit- you didn't need to edit out my OP, did you?
But this didn't happen... The guy whose on top at NCsoft basically gave his blessings to Nexon (the guy running NCsoft and the one running Nexon are both good friends).
Amazing thread here... They just got taken over by nexom... They just lost 6 million. Still you guys think they are in the buyers market?
Wake up people.
Nexon purchased 14.7% of NCsoft stock for $685 million USD; thus becoming the shareholder with the largest percentage. That is very different from "they just got taken over by nexon".
Just like Vivendi is Activision/Blizzard's largest shareholder (with 61%), Nexon is now NCsoft's largest shareholder. What this means is not so much about being "bought out or taken over" but with regards to investments. If you read about Nexon's reasons for making the purchase it would actually encourage any future investor in NCsoft as opposed to discourage them. Nexon invested in NCsoft because they see the potential for growth; which is a good thing.
As to thinking if NCsoft is in the "buyers" market, it's no something we are making up, its called hard news. The news about NCsoft making a M&A purchase offer to a large overseas gaming company is not something we made up here on the forums, it was reported by KDB Daewoo Securities... did you even bother reading the OP or watching the linked gamebreaker article? (you don't even have to read it, you can just watch it).
wake up bcbully
No this is called a hostile takeover. The term take over is the correct term here. Nexom has a controling stake in NCsoft. They are the majority share holder.
Vivindi, acti-blizz is a totally different relationship. An agreement was made.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
Again wake up people.
Doing the Math, this would mean NCsoft has a vallue of 5 Billion Dolllar..
If i where a shareholder id sell all my shares as that might be highly overrated.
Best MMO experiences : EQ(PvE), DAoC(PvP), WoW(total package) LOTRO (worldfeel) GW2 (Artstyle and animations and worlddesign) SWTOR (Story immersion) TSW (story) ESO (character advancement)
Comments
It's possible. Blizzard will have to find private investors who are willing to do this. I hope it does because its games have sucked since Activision bought it.
NCSoft lost a lot of money because they bought some IP (Intellectual Property) and its other game sales couldn't make up for that amount of financial drain. It doesn't mean NCSoft is tanking and it doesn't mean its games aren't profiting.
Except they made millions more 3 months ago?
You do know the only reason they 'lost' 6M is because they bought another company for 93 Million right?
This is like their only loss since 2005 or something.
Based upon their reported finances, they can buy Vivendi's stock. Doesn't make good business sense to do so but they can.
Gdemami -
Informing people about your thoughts and impressions is not a review, it's a blog.
Just like Vivendi is Activision/Blizzard's largest shareholder (with 61%), Nexon is now NCsoft's largest shareholder. What this means is not so much about being "bought out or taken over" but with regards to investments. If you read about Nexon's reasons for making the purchase it would actually encourage any future investor in NCsoft as opposed to discourage them. Nexon invested in NCsoft because they see the potential for growth; which is a good thing.
As to thinking if NCsoft is in the "buyers" market, it's no something we are making up, its called hard news. The news about NCsoft making a M&A purchase offer to a large overseas gaming company is not something we made up here on the forums, it was reported by KDB Daewoo Securities... did you even bother reading the OP or watching the linked gamebreaker article? (you don't even have to read it, you can just watch it).
wake up bcbully
keep telling yourself that
http://massively.joystiq.com/2012/06/08/nexon-invests-6-8m-in-ncsoft-becomes-largest-shareholder/
Nexon has acquired a minority interest in its fellow company. The move makes Nexon NCsoft's largest shareholder.
Nexon's share ownership of NCsoft at 14.7%.
EQ2 fan sites
This post has some merit.... It could be Funcom....
Think small guys... NCSoft won't buy a big company (the ones mentioned), or an other F2P company (FunCom / Turbine).
If NCSoft is to acquire a Western MMO developer, I think CCP is the most logical option. EVE is a settles name and doing quite well. WoD on the other hand seems one that's been 'forgotten' about - I don't know about you, but I haven't heard sh!t about it last year. This might indicate that either WoD is shelfed, or that CCP has some financial issues to keep EVE up & running and develop a new game at the same time...
Ncsoft and NEXON.
NCSoft buying Funcom..
I don't think the sharemarket is going to react kindly to NCSoft if that's the case.
They will LOVE Funcom's shares though since it'll go up.
I don't see what NCSoft will get from that buy though.
Gdemami -
Informing people about your thoughts and impressions is not a review, it's a blog.
The stuff 38 Studio's was working on is up for sale -
http://massively.joystiq.com/2012/08/09/rhode-island-possesses-38-studios-games-looks-to-sell/
I have a strong feeling NcSoft will purchase the rights to their games.
No this is called a hostile takeover. The term take over is the correct term here. Nexom has a controling stake in NCsoft. They are the majority share holder.
Vivindi, acti-blizz is a totally different relationship. An agreement was made.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
Again wake up people.Smile
This is factually false which is ironic since you post what a 'hostile takeover' is so people might assume you know what you posted.
The shares Nexon purchased came from NCSoft's chairman and Co-founder with his blessings.
/facepalm (I need a bigger 'facepalm'.)
Gdemami -
Informing people about your thoughts and impressions is not a review, it's a blog.
If they do, lets hope they'll contract McFarlane & Salvatore as well then
You are confusing Activision buying blizzard for the same thing as Nexom taking control of Ncsoft.
Morhaime did not go rogue and sell his shares. An agreement was made between the two companies which gave blizzard some rights in the transisiton.
To further expand on this;
Funcom isn't a 'desirable' company right now.
It is a middlish company that has a nice cashflow but that's it. Plus the 200+ staff will be a hurdle for anyone looking for a 'buy'.
EA is probably too big for anyone and way too complicated for anyone for the benefits they get.
Acti-Blizz is 3 times EA's size so no one in the gaming business (other than Microsoft, Apple, etc) has the cash for it.
I can see 'tencent' going for something like EA to make a 'splash' in the western scene though. They won't make money off of it (least not in the first 5 years) but the brand awareness might be worth it for them.
Gdemami -
Informing people about your thoughts and impressions is not a review, it's a blog.
Nice strawman you got there but this post makes zero sense.
Look, you said something without proper research (which google would have told you in 5secs /facepalm) and got called out.
Just say 'hey I got it wrong' and move on.
Gdemami -
Informing people about your thoughts and impressions is not a review, it's a blog.
Definition of 'Hostile Takeover'
The acquisition of one company (called the target company) by another (called the acquirer) that is accomplished not by coming to an agreement with the target company's management, but by going directly to the company’s shareholders or fighting to replace management in order to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.
You might not like how iit sounds, but it is what it is. Sorry man.
edit- you didn't need to edit out my OP, did you?
What amazes me is that he knows all the details behind both transations; Vivendi's purchase of Activion/Blizzard stocks and Nexon's purchase of NCsoft stocks. bcbully, can you please post information to support your claim that Nexon's purchase was a hostile takeover (i.e. proof, not skewed interpretations of economic terminology).
So you think 'Chairman / Co-founder' is not part of company's management. Even though NCSoft is a public company....
I need more 'facepalm's. ROFL.
Gdemami -
Informing people about your thoughts and impressions is not a review, it's a blog.
fascinating...
So Nexon bypassed NCsoft's management (i.e. chairman and the board) and went directly to the shareholders and bought shares from them, in order to usurp the power of the current management, instead of buying shares from... oh wait, who did Nexon by shares from? Oh yeah... NCsoft's chairman, Kim Taek-Jin.
It's all good bcbully, we all make mistakes :-)
He is a shareholder in this sense. They made him a offer he couldn't refuse. They bought him out. Nexom took over NCsoft. They have a controlling stake.
They didn't merge. Through the CEO they bought a controling stake. You can color it how you like, but this is what it is.
feel free to edit and continue if you like. I'll bbl.
But this didn't happen... The guy whose on top at NCsoft basically gave his blessings to Nexon (the guy running NCsoft and the one running Nexon are both good friends).
Smile
Nexom bought his blessings.... eeer HIS shares.
Doing the Math, this would mean NCsoft has a vallue of 5 Billion Dolllar..
If i where a shareholder id sell all my shares as that might be highly overrated.
Best MMO experiences : EQ(PvE), DAoC(PvP), WoW(total package) LOTRO (worldfeel) GW2 (Artstyle and animations and worlddesign) SWTOR (Story immersion) TSW (story) ESO (character advancement)