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| smroadkill15 said: People getting upset for a corporation humoring the idea of buying one the most popular and successful gaming companies. How could they 🫢. Any company with enough money and interest in gaming has likely discussed wanting to buy Nintendo at some point. |
Wanting to buy Nintendo is fine, I wouldn't mind owning Nintendo myself. It's this part I don't like "they have a [Board of Directors] that until recently has not pushed for further increases in market growth or stock appreciation.”Continuing, Spencer's email revealed that, at that time, former Microsoft Board of Directors member and co-CEO of ValueAct Capital, Mason Morfit, had been “heavily acquiring” Nintendo shares. As a result, Spencer was keeping in touch with him as it was “likely he will be pushing for more from Nintendo stock which could create opportunities for us”.
Even though he does state he doesn't think a hostile takeover is appropriate, he literally has activist investors that have infiltrated the company by buying up stock with the intent of forcing Nintendo to increase the value of the stock. Some activist investors like the ones fighting Kohls are demanding Kohls fire a good chunk of their board and hire new ones picked out by the activist investors. These activist investors are scum, that try to push their way of doing business on other business, and if the don't they may one day decided to do a hostile takeover.
