Nintendo stock for 1.1 billions has been bought by ValueAct and want to make Nintendo as fully digital entertainment Service/ media company EDIT: Add Bloomberg article

[sethnintendo]

SpokenTruth said:

sethnintendo said:

If Nintendo still owns a majority of shares (which they do) then they can't really force them to do anything can they?   At most they can make Nintendo listen to their demands.  That doesn't mean Nintendo has to do jack shit since they still have majority of shares.

No, they won't own a managing share and can only suggest ideas.  And from what I've read about ValueAct, that is often their only intent.  It's not a takeover but a capital infusion for companies that already have one foot moving in a given direction to help them take the next steps.

Unlike a lot of companies Nintendo is still making plenty of money during this crisis.   I don't see why they would even need a capital infusion.  The only thing going bad for Nintendo right now would be their rollout of their theme park sections in Universal parks and I have a feeling that Universal is taking more of hit than Nintendo on that one.   While they might not need it I guess more cash is good?

I hope that guy that shorted Nintendo last year with millions cashed out recently.