this post was submitted on 20 Sep 2023
79 points (92.5% liked)
Games
32564 readers
1586 users here now
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Weekly Threads:
Rules:
-
Submissions have to be related to games
-
No bigotry or harassment, be civil
-
No excessive self-promotion
-
Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
-
Mark Spoilers and NSFW
-
No linking to piracy
More information about the community rules can be found here.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Honestly if you read the actual email I think there could be significant legal trouble ahead.
Spencer talks about how the main barrier to acquiring Nintendo is that they sit on a mountain of cash. He calls that unfortunate. He then proceeded to state a company with connections to Microsoft had just bought a lot of Nintendo shares, and how they could work with said company to make such an acquisition a reality.
The company in question publicly bought a massive amount of Nintendo shares. They then proceeded to pressure Nintendo to invest more capital instead of sitting on the cash pile they have now. They did this under claims that such a move would be beneficial to Nintendo in terms of ROI. However, it would also result in Nintendo being more vulnerable to an acquisition from Microsoft if any of those bets don't pay off.
In short, it could be argued that Microsoft worked with investors to tank Nintendo so they could buy it. That's a huge deal and will probably result in a shitstorm.
I'm sure that Microsoft will get the $10M fine they deserve.
Paid for by mass layoffs and rewarded with an exec bonus.
I mean, Nintendo selling shares of their company is a specific decision they have made. Do you think they are confused that people other than Nintendo employees are buying these shares? Or that the investors would have an agenda other than just being "Nintendo fans"?
Investors generally want to get a positive ROI. They don't want to tank the company to the point where it can be acquired by another company for pennies on the dollar.
Look at Nokia. When they hired a former Microsoft exec, they weren't expecting him to tank the entire company so it could be acquired by Microsoft.
The term "activist investor" exists for a reason. And nothing from that email suggests that MS was looking to "tank" Nintendo in some nefarious plot.