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Nintendo Buying Sega?

Dec 27, 2000 7:19am CST tags: Sega, Games: Console, Nintendo
Well check this out. Japanese video game systems company Nintendo is in talks to buy rival Sega for about $2 billion, the New York Times reported on Wednesday, citing executives close to the negotiations. The Sega chairman has reportedly been shopping Sega around for a sale and approached Microsoft about a purchase as well.

The talks had been going on for months and the terms of the deal were still being negotiated, the newspaper said. The paper said a Sega spokesman denied the speculation, calling the idea ''absolutely outrageous.''

In addition, the Nintendo president said there is 'no chance' of this happening and Sega denied it as well. which leaves it as a rumor for now of course. The same thing was said by 3dfx a few weeks before they sold to NVidia also though eh?

It's also interesting to note that Sega has recently been in some pretty bad finances and considering all kinds of alternatives to make income. From Dreamcast PC (..more) , to selling games for rival consoles to giving away Dreamcasts in hopes of more game sales.

                                                          

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