Capcom shareholders scrap plan that prevents hostile takeovers

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wshowers

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Newsbrief: Today, Capcom announced that at its most recent investor meeting, its shareholders voted to end the company's hostile takeover defense -- which means that Capcom could now be acquired if a company buys up large amounts of its stock.

Many companies have defenses against a stock purchase takeover, and there are various schemes and strategies they can adopt to block a party from gaining control of the company by buying up its stock.

Capcom originally put such countermeasures in place in 2008 following a shareholder vote. This latest development won't stop the company's management from attempting to "react to make necessary measures within the admissible limits of applicable laws and regulations," the company said in its statement.


http://www.gamasutra.com/view/news/...s_open_company_up_to_takeover_possibility.php
 
People really shouldn't mention Itagaki in the same sentence as Mikami and Inafune.

With that stated, it just hit me that Capcom lost Mikami, Inafune and Kamiya. s*** as far as I'm concerned Kamiya is the best producer/director in Japan bar none.
 
Momewrath said:
This seems like a really obvious grab for Microsoft.
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This. Buy for franchises not for talent.

Bringing Resident Evil, Dead Rising, Street Fighter, etc in house as first party titles would be huge.
 
Adam said:
This. Buy for franchises not for talent.

Bringing Resident Evil, Dead Rising, Street Fighter, etc in house as first party titles would be huge.
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yeah, they have really huge franchises.
Resident Evil, Street Fighter, Monster Hunter alone worth whatever money it takes to buy them out.
 
Guys,

From what I've read Capcom is loaded with debt. It will be interesting who will end up controlling this company.
 
Momewrath said:
This seems like a really obvious grab for Microsoft.
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Does it really?

MS doesn't have a great track record supporting game companies post acquisition and there are real questions as to what kind of talent/value Capcom has left outside the Street Fighter series. They're also a Japanese company that has diminishing panache in the West and the XBox brand is a joke in the east.

I think it's far more reasonable to assume a partnership with either Sony or Nintendo.
 
Predator JP said:
yeah, they have really huge franchises.
Resident Evil, Street Fighter, Monster Hunter alone worth whatever money it takes to buy them out.
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Resident Evil is a franchise on a downward slope as is the survival horror genre itself.

Street Fighter may have reinvigorated the fighting game genre in 2009 but there are serious questions as to whether that genre is about to burn itself out again.

Monster Hunter is massive in Japan. The XBox brand is not. This partnership doesn't make sense from a financial perspective.
 
This_Hard_Land said:
Does it really?
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Um...yes it does. It really is that simple. Nintendo and Sony both have it much better than Microsoft in the first party space. Nintendo by simple virtue of their stable of iconic franchises, and Sony by the sheer numbers of studios they have at their disposal. Microsoft buying Capcom would be enormous for them. You wanna play Street Fighter 5?...you buy an Xbox. That game alone would move A LOT of systems. On top of that Resident Evil, which you can try to deride, but it would only take one good game to turn that franchise around, not to mention you could do remakes of earlier titles. On top of that, there's Monster Hunter, Dead Rising, Dragons Dogma, Mega Man, Devil May Cry, Darkstalkers, Breath of Fire, and a number of others. Adding that potential stable of franchises exclusive to your console would have people buying Xbox One's, which is what MS wants.

Oh and you can try to say that Xbox isn't popular in Japan, but how do you think MS would want to try and change that?...by having games that would attract those audiences. Monster Hunter alone would make Xbox fly of shelves in Japan. You can also try to knock MS for not utilizing the 1st parties they do have properly, but I think general consensus is that this is a new MS with a new direction. I don't think this would be Rare all over again. Sorry if that's too common sense.
 
Momewrath said:
Um...yes it does. It really is that simple. Nintendo and Sony both have it much better than Microsoft in the first party space. Nintendo by simple virtue of their stable of iconic franchises, and Sony by the sheer numbers of studios they have at their disposal. Microsoft buying Capcom would be enormous for them. You wanna play Street Fighter 5?...you buy an Xbox. That game alone would move A LOT of systems. On top of that Resident Evil, which you can try to deride, but it would only take one good game to turn that franchise around, not to mention you could do remakes of earlier titles. On top of that, there's Monster Hunter, Dead Rising, Dragons Dogma, Mega Man, Devil May Cry, Darkstalkers, Breath of Fire, and a number of others. Adding that potential stable of franchises exclusive to your console would have people buying Xbox One's, which is what MS wants.

Oh and you can try to say that Xbox isn't popular in Japan, but how do you think MS would want to try and change that?...by having games that would attract those audiences. Monster Hunter alone would make Xbox fly of shelves in Japan. You can also try to knock MS for not utilizing the 1st parties they do have properly, but I think general consensus is that this is a new MS with a new direction. I don't think this would be Rare all over again. Sorry if that's too common sense.
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Microsoft has shown they have a very clear and specific strategy with regards to exclusive software moving forward. It's the exact oposite of Sony's. Sony builds 1st and 2nd party studios and supports them. Microsoft inks deals with 3rd parties to secure specific games/franchises for their XBox brand.

It's not going to happen. Too many reasons for it not to.
 
I think this goes without saying but If some one were going to attempt a hostile takeover of Capcom, they would have to be flush with cash. A Capcom takeover isn't going to be cheap. If someone were to try a takeover via creeping tender offer, with 67.7 million outstanding shares(and more than half that in public float) valued at ¥1,782 or $17.4957 US Dollars a share (as of today), at a 51% purchase, that's going to be more than half a billion dollars.

In all honestly, I don't see ANYONE trying to take over Capcom at present. Now if they maintain their current course and the share value starts to take a plumet, then a whole lot of parties might be interested including the big 3(MS,Sony and Nintendo) as well as EA, Activision/Blizzard, Ubisoft.
 
I don't think any of the hardware makers should buy capcom, it would be a bad investment. Even making games for several platforms capcom is having a hard time staying afloat, how would it makes sense to spend hundreds of millions of dollars for the company and make it a 1st party? If I were Sony/MS/Nintendo I may look into how open Capcom would be to selling a specific IP or two but buying the company as a whole doesn't seem worth it.
 
Ketto said:
People really shouldn't mention Itagaki in the same sentence as Mikami and Inafune.

With that stated, it just hit me that Capcom lost Mikami, Inafune and Kamiya. s*** as far as I'm concerned Kamiya is the best producer/director in Japan bar none.
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Itagaki is one of the most overrated people in the industry.
 
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JinCA said:
Itagaki is one of the most overrated people in the industry.
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He really is; everyone skeets over NG:B which is a classic. But I mean outside of that and the average DOA series, he's not this top tier designer IMO. Kamiya has a better and more consistent record across many genres.
 
Ketto said:
He really is; everyone skeets over NG:B which is a classic. But I mean outside of that and the average DOA series, he's not this top tier designer IMO. Kamiya has a better and more consistent record across many genres.
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Yeah his glory days were with the original Xbox, just about everything else has been average at best.
 
In other words..... "Some big company out there please buy us!"

Capcom will be swallowed up by someone by end of 2015 at the latest.
 
wshowers said:
I think this goes without saying but If some one were going to attempt a hostile takeover of Capcom, they would have to be flush with cash. A Capcom takeover isn't going to be cheap. If someone were to try a takeover via creeping tender offer, with 67.7 million outstanding shares(and more than half that in public float) valued at ¥1,782 or $17.4957 US Dollars a share (as of today), at a 51% purchase, that's going to be more than half a billion dollars.

In all honestly, I don't see ANYONE trying to take over Capcom at present. Now if they maintain their current course and the share value starts to take a plumet, then a whole lot of parties might be interested including the big 3(MS,Sony and Nintendo) as well as EA, Activision/Blizzard, Ubisoft.
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If $500,000,000 is a good gauge of what it'll take to buy Capcom, the only company I see doing it is either MS or some huge holding company that comes out of nowhere. EA and T2 are big, but surprisingly don't make a lot of profit (they lose money half the time). Activision is the biggest and best balance sheeted dev out there, but I don't see Capcom being a good fit. Sony won't bother due to finances and Nintendo (though rich enough to afford it) seems to focus on their own thing.
 
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