Sega's COO says the company is not for sale
Sega is not for sale, according to company COO Shuji Utsumi. The executive told Bloomberg News that the company isn’t open to acquisition talks at the moment, despite rampant speculation that Microsoft was about to swoop in and force a shotgun wedding between Sonic and Master Chief.
Some of these rumors popped up due to a general consolidation trend in the gaming industry, with big fish gobbling up everything in sight. Microsoft’s one of the biggest fish of all and it’s been many years since Sega sat on top of the gaming throne, despite remaining a solid developer and publisher. Also, a potential merger between Microsoft and Activision Blizzard led to the FTC filing an antitrust lawsuit, which is ongoing. During the associated trial, it was revealed that Microsoft had many companies on its wishlist, including Sega. So the rumor mill continued unabated.
Utsumi declined to comment as to whether or not Microsoft approached Sega with an acquisition offer, but touted the “great relationship” between the two companies. This relationship has been on full display in recent years, with former Playstation exclusives from the Yakuza series to the Persona series showing up on Xbox consoles. A next-gen refresh of Yakuza: Like a Dragon was even an Xbox Series X/S exclusive for a few months before going multi-platform.
The budding corporate friendship (aww) is extremely important to Microsoft, as Sega titles are popular in Japan and, well, Xbox consoles aren’t. This is another reason the acquisition rumors spread so readily. However, Sega will remain as Sega Sammy Holdings for the time being, even if documents indicate that Microsoft was, at one point, ready to fork over serious cash to buy the house that Sonic built. Speaking of, there’s a new sidescrolling Sonic title launching later this year along with a new sidescrolling Mario. What is this, 1991?
This article originally appeared on Engadget at https://www.engadget.com/segas-coo-says-the-company-is-not-for-sale-174334550.html?src=rss