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Gamerace said:
The only reason I could see for Nintendo to buy Sega is to block MS from doing so. Sega IPs would be worth a lot, especially in Nintendo's hands but I'd also expect them to sell off a lot of Sega too, probably to MS...

As for High Voltage, until the Conduit lives up to it's rather unjustified hype, that company is of no real value to anyone. It Nintendo wants a strong western developer for FPS and such there's a lot better options out there than High Voltage. Like Bungie...

 

The reason to choose a company like High Voltage over Bungie is the same reason Nintendo bought Retro rather than Valve ... A small unknown developer will cost a fraction of the cost of a well known developer (potentially 10% of the cost), its talented developers are less likely to leave the company upon being bought (because they will probably see it as a good thing), and you're much more likely to be successful at making changes to improve quality and profitability of the company without causing internal problems within the company.