Source: DailyYahoo
Leading Japanese video game makers Nintendo and Sega on Wednesday denied a published report that Nintendo is mulling a buyout of Sega. |
``The information in some overseas report that we are buying Sega is completely wrong,'' Nintendo President Hiroshi Yamauchi said in a statement.
Sega also issued a statement, saying news of the buyout ``is completely false'' and that the company ``would like to deny all reports related to the matter.''
The New York Times reported in its Wednesday edition that executives close to the negotiations said the deal could see Nintendo acquiring Sega for about $2 billion.
The report, citing executives it did not identify, said the talks have been going on for months and the deal could still collapse.
It's getting intresting... They would be stronger to face the new X-Box in 2001 if they cooperate...
