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‘M&A activity is meaningless’, says Iwata
Neil Long May 1 2008, 5:51pm
Comments (5)
Extensive interview reveals Nintendo president’s views on industry consolidation
In the wake of the Activision Blizzard deal and EA’s proposed move for Take Two, Nintendo president Satoru Iwata has told investors that mergers and acquistions add little real value to the companies involved.
“Sometimes, some people say that Nintendo’s position will become even more solid if it purchased software companies by M&A, but I have no such intention because buying such companies will not contribute to strengthening Nintendo in the true sense.”
“I believe that it is not the company but the skills of the employees that matters most, and therefore regard M&A as meaningless.”
But the Nintendo president added that Nintendo is looking at snapping up certain rights and technology:
“I have never thought that we should do an M&A just because, for example, we have recently not been able to make the significant sales growth.
Neither do I have such intention in the future. Of course, there are technologies and rights that we are paying special attention to, but we cannot disclose them.”
In a comprehensive interview, Iwata also revealed his thoughts on Microsoft’s rumoured Wii remote-style controller.
For the highlights of the Iwata interview, head over to our interview section, where the Nintendo president speaks out on price cuts, hardware sales, changing console lifecycles, Nintendo's recent success, more on M&A and also his thoughts on new competition entering the market.
Comments
“I like how...”
Posted: May 1, 10:29pm
...MCV has implied that this exclusive interview is its own doing - when it's from the Nintendo investor site in actual fact.
“Re: I like how...”
Posted by: King_Wizard - May 2, 8:25am
Full transcript is on Nintendo japan site, in english.
“Re: I like how...”
Posted: May 2, 9:06am
Wheres it say exclusive?
“Re: I like how...”
Posted by: Neil Long - May 2, 9:49am
Hi - i think maybe the first commenter has confused "extensive" with "exclusive"...I've also mentioned that Iwata was speaking to investors. Hope this clears things up.
“Re: I like how...”
Posted by: Andy - May 2, 11:01am
The devil is always in the detail Neil ;-))