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

[Alby_da_Wolf]

CaptainExplosion said:

Alby_da_Wolf said:

Besides my previous opinion about Ninty strategies, ValueAct is a hedge fund, notorious for previous attempts to force huge companies strategies after buying as little as 1% of their market cap (they even tried with MS when it was weakened by Ballmer's mistakes in the last years of his management), this time they own little more than 2%, but I seriously doubt they'll persuade the biggest shareholders, surely happy with both current short and long term Ninty strategies, to embrace possibly short sighted new strategies, that could even undermine Ninty's position and power in gaming, dictated by a company that surely can't claim any experience in gaming market comparable to Nintendo's one.
Surely Ninty will use some of its money to do things in other markets that will make the vast majority of its shareholders happy, ValueAct will eventually have to be happy with that too.

Either way, something has to be done to drive away these hedge fund shitheads before they royally fuck things up.

Absolutely. It's necessary for this that those responsible for longer term minded shareholders decisions be strong, intelligent and patient enough to expose short term and narrow minded plans and not be lured by hedge sharks arguments.