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[UltimaKilo]

And well, if they would want to sell they'd sell to anyone else before selling to MS. Sony, Nintendo or even Tencent would be better options than MS.

If they wanted to sell, they would do so to whomever offers more money. Microsoft, Apple, Elon Musk or the Easter Bunny.

Furthermore, a company could also simply acquire a position and then quietly strike deals with shareholders, get seats on the board, and take over the company that way. This is known as a “hostile takeover” which is awesome.

 

[yurinka]

If they wanted to sell, they would do so to whomever offers more money. Microsoft, Apple, Elon Musk or the Easter Bunny.

Furthermore, a company could also simply acquire a position and then quietly strike deals with shareholders, get seats on the board, and take over the company that way. This is known as a “hostile takeover” which is awesome.

When the CEO controls the majority of the company, as in this case, others can't make a hostile takeover because will win any single voting.

And well, many people who run companies -specially outside USA- when they want to sell and have multiple people who wants to buy them offering enough, don't sell to who offers more money, but instead to who will benefit more the company as a whole, like helping them to grow in new markets, providing support in some areas they need, extra sinergies that may benefit them in different ways, that may provide them certain data/info that may help them, etc.

 

[UltimaKilo]

When the CEO controls the majority of the company, as in this case, others can't make a hostile takeover because will win any single voting.

And well, many people who run companies -specially outside USA- when they want to sell and have multiple people who wants to buy them offering enough, don't sell to who offers more money, but instead to who will benefit more the company as a whole, like helping them to grow in new markets, providing support in some areas they need, extra sinergies that may benefit them in different ways, that may provide them certain data/info that may help them, etc.

People sell to whom makes them more money, that’s what business is about… unless they think they can make more money by holding.

Secondly, about 78% of the company’s shares are listed. The family owns nowhere near 50.1%.

Stock Data |Stock & Debt | CAPCOM

Capcom's stock data concerning the number of shares issued ,10 largest shareholders, the composition of shareholders by category and number of shares held.

www.capcom.co.jp

 

[yurinka]

People sell to whom makes them more money, that’s what business is about… unless they think they can make more money by holding.

Secondly, about 78% of the company’s shares are listed. The family owns nowhere near 50.1%.

Stock Data |Stock & Debt | CAPCOM

Capcom's stock data concerning the number of shares issued ,10 largest shareholders, the composition of shareholders by category and number of shares held.

www.capcom.co.jp

The family controls the 22% unlisted Capcom shares, plus that 10.1% of Crossroads (it's another company of the Capcom CEO) and 11.5% of the family members individuals listed there. That's 43.6% not counting Japanese trust banks or friendly domestic partner companies who supported the CEO during decades and more shares not appearing there that may be from more family members or other companies of the family.

They aren't holding... the Tsujimoto family simply don't want and don't need to sell their family business. And they have the company secured against hostile takeovers.

 

[UltimaKilo]

The family controls the 22% unlisted Capcom shares, plus that 10.1% of Crossroads (it's another company of the Capcom CEO) and 11.5% of the family members individuals listed there. That's 43.6% not counting Japanese trust banks or friendly domestic partner companies who supported the CEO during decades and more shares not appearing there that may be from more family members or other companies of the family.

They aren't holding... the Tsujimoto family simply don't want and don't need to sell their family business. And they have the company secured against hostile takeovers.

Ah, thanks for the info.

All a company really needs to do it buy out JP Morgan's shares + a bit, and they'll have a seat on the board. Hostile takeovers are tricky, particularly in some countries where after a certain % (usually around 10% position), you must make the board aware. Then you have to convince another large shareholder that their shares are too low and the company isn't being ran as well as it should.

There's also toxic things you can do like take actions to tank a company's stock, buy out, take private then merge. This is what happened to Richard Ellis International before they became CBRE. Brutal stuff.

 

[Heisenberg007]

Reporter: "Okay. What if Sony makes an offer?"

Capcom:

 

[Dick Jones]

Reporter: "Okay. What if Sony makes an offer?"

Capcom:

I'd rather Sony and Nintendo take an equal share to keep the overall share over 50% [including the family ownership]. Capcom is running smoothly [for the most part] and doesn't need the fallout of a takeover (lost staff). Let Capcom be independent and release games on all platforms that make sense financially.

 

[Heisenberg007]

I'd rather Sony and Nintendo take an equal share to keep the overall share over 50% [including the family ownership]. Capcom is running smoothly [for the most part] and doesn't need the fallout of a takeover (lost staff). Let Capcom be independent and release games on all platforms that make sense financially.

Yeah, Capcom is doing fine on their own. They are one of the very few companies that have improved significantly in the last ~5-7 years.

 

[iceatcs]

Reporter: "Okay. What if Sony makes an offer?"

Capcom:

It would be still ok for everyone. See at Sony’s Bungie new project is still multi platforms. Microsoft won’t release it for PS and Nintendo

 

[yurinka]

Ah, thanks for the info.

All a company really needs to do it buy out JP Morgan's shares + a bit, and they'll have a seat on the board. Hostile takeovers are tricky, particularly in some countries where after a certain % (usually around 10% position), you must make the board aware. Then you have to convince another large shareholder that their shares are too low and the company isn't being ran as well as it should.

There's also toxic things you can do like take actions to tank a company's stock, buy out, take private then merge. This is what happened to Richard Ellis International before they became CBRE. Brutal stuff.

JP Morgan only has 8%, I don't know how things work in Capcom and Japan but I'd say it's far from being enough to ask a seat in the board of directors. There's also the possibility that they could have a seat there but without voting rights.

Also, if they get a 10% or even a 20% and they would get a seat there and voting rights, that % wouldn't be enough to force any decision when the current CEO directly or indirectly controls the majority of the company, meaning the current CEO would continue being able to do whatever he wasnts and he'd block any sugeestion from MS/JP Morgan that he wouldn't like.

 

[Daneel Elijah]

It would be still ok for everyone. See at Sony’s Bungie new project is still multi platforms. Microsoft won’t release it for PS and Nintendo

When Sony took Evo, Nintendo pulled out Smash bros. If Sony buy Capcom Nintendo would stop making deals for Monster Hunter for example. It would not be ok. I love Sony and would love getting a PS5 exclusive(or more!) from Capcom but it would harm their relationship with Nintendo. Both companies can work out deals with Capcom without buying them. Better to stay that way unless Capcom really needs the money one day in the future.

 

[iceatcs]

When Sony took Evo, Nintendo pulled out Smash bros. If Sony buy Capcom Nintendo would stop making deals for Monster Hunter for example. It would not be ok. I love Sony and would love getting a PS5 exclusive(or more!) from Capcom but it would harm their relationship with Nintendo. Both companies can work out deals with Capcom without buying them. Better to stay that way unless Capcom really needs the money one day in the future.

Yeah but honest to be fair, I could see more chance on Sony is willing release some titles for Nintendo and MSN than other way.

 

[yurinka]

When Sony took Evo, Nintendo pulled out Smash bros. If Sony buy Capcom Nintendo would stop making deals for Monster Hunter for example. It would not be ok. I love Sony and would love getting a PS5 exclusive(or more!) from Capcom but it would harm their relationship with Nintendo. Both companies can work out deals with Capcom without buying them. Better to stay that way unless Capcom really needs the money one day in the future.

Isn't only for this Evo, Nintendo never supported Smash Bros eSports and even blocked other tournaments from featuring it.

If Sony acquires Capcom -something I think won't happen at least in several years- I think Sony would allow multiplatform Capcom games to be released on Nintendo or Xbox consoles, but wouldn't allow Nintendo and MS to get any type of exclusive. Same as with Bungie but keeping some (timed console) exclusives for Sony.

Nintendo would still want Monster Hunter even if not exclusive after acquired, in the same way they also wanted MLB, Minecraft, Ori and CoD. Nintendo desperately needs all big 3rd party games possible.