Nintendo, following their Q3 financial reports, intends to buy back 10 million of their own shares. As a publicly traded company, the investors are looking to nearly double the amount in Nintendo's treasury from about 13 million shares to 23 million. This deal is slated to happen by March 31st according to their Notification of Acquisition. According to current yen to US ratio, this buy back would settle more than $1.2 billion in stock.
Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."
Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"
Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”
Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever
Nice one ☝️
This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.
No gaming company has pushed harder to remove ownership than Microsoft.
Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.
Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?
Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.
Danish from eXputer: "Nintendo has historically gone against player-made content and emulation of its games. This has done much to harm the company's image."
They need to stop announcing these mods and fan remakes until they're finished. Finish it, upload it, and then if Nintendo dmca's it tough shit. Once it's online, people can share it around, even if the original download gets taken down.
This is all coming from the mouth of short-sighted fandom and grifting madness.
No.... it wont. There is a clear defined reason why they don't. This is nothing new. Make your own shi7 from your own original ideas especially if you are trying to capitalize of it it. Duh.
Yeah, hire people that have zero respect or understanding for an established process. Wow. Yep. Totally makes sense.
Can't wait for the headline "Nintendo fires Iwata".
Especially before someone buys them out with all this wacko go on smartphones and other platforms obsession going around.
Good move regardless. IBM has been keeping it's value up for years doing this type of stuff.
Anyone here good with finance and want to give me a run down on what exactly is happening?
Is this something to do with Yamauchi's inheritance or is this a savvy power play?
nintendo just stop please
they are a couple releases away from "angry birdy" their core franchises.
I love Nintendo. I love Sony. I love Microsoft. They all have great things going for them. Have each company made their fair share of mistakes? of course.
Do I blindly follow any particular company, blissfully ignoring their shortcomings while singing their praises as "the superior company". No.
Nintendo needs to get their sh*t together. Microsoft needs to chin up and figure out what it wants to do with itself. I don't much care for the ambiguous "it's an entertainment center!" sentiment. It's very much competing against other "entertainment centers" like the Wii-U and PS4.
While none of that has anything to do with Nintendo buying back it's own stock, and Iwata cutting his salary in half, it has everything to do with honesty and integrity. All three companies are in the business of making money. There's no, "I'm your best friend" regardless of whatever caffeine induced PR head says otherwise.
It's up to us to decipher headlines like these, but take every rant or sleight against a particular product with a grain of salt. Do not blindly align yourself with a company that you think owes you something, nor wish for the impending failure or bankruptcy of said video game company.