Nintendo Buys Nintendo
Nintendo doesn't want a hostile takeover on it's hands. Just to make sure that Nintendo will always be the major stock owner in itself, they will be buying back 2.2 million shares of their own stock. This would stop any future companies from bidding on Nintendo, or trying to force a takeover. In a world of mergers and buyouts, seems like Nintendo is making a wise decision.
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posted by RawmeatCowboy at 10:22 PM
3 Comments:
Um, I have not seen this on the net for today but I did notice one site posting something from the year 2002 of Nintendo buying 2.2 million shares.
Its been posted on a few sites today...you can check out a good write up on gamespot.com
thanks for the info killinj0ke!
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