Kasz216 said:
FilaBrasileiro said:
Kasz216 said:
FilaBrasileiro said:
naznatips said:
To put this topic to rest:
If 8% meant ANYTHING, then DQIX would not be on the Nintendo DS. Nor would the DS have 3X the development support of the PSP. |
Because Sony voted PS3 development and the others voted DS? 8.6% is very significant in a company that big, I can only wish I had 8.6% voting power on a big company.
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How do you vote with nonvoting stock? Unless they got voting rights in the merger? Which would make like... no sense. As I recall the 20% they bought in square was non voting stock. Part of the deal, that was really just a cash flush for Square who was hurting after bad buisness decisions. All sony could do is threaten to unload it all in one move hurting their short term stock prices. All of the actual voting shares still are in the hands of the founders of Square and Enix. You can have 48% of the stock and if it's all nonvoting you ain't got any say in anything. The stock sale was just a way for Sony to bail out square when they were in financial straights in return for short term game support. |
Humm as far as I know, very few companies sell voting and non voting stock, and besides, Sony bought 18 - 19% common shares of Square, which now is about 8.6% common shares of SE, common shares = voting share.
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Dude Square said themselves at the time of the deal that the selling of stock had no influence on where games went. That was back when they had the 2nd largest amount in the company. It was a pure captial injection deal that Square went to sony and Sony agreed to because they were afraid of a hostile takeover from microsoft. Even if it was voting stock it's not like they vote on every day to day thing about the company, all it would give them any voting rights on are members of the board, who themselves would decide where things go... and the current members of the board have more then enough stock to be the controlling inerest.
After all the biggest holder of Square-Enix stock is afterall the founder of Enix. |
Do you have a link saying that Sony bought non voting shares? I'm pretty sure they bought common shares, but I might be wrong.
And I never said they voted everyday, but I feel fairly confident that they would vote on stuff like where a game would go.
