Nintendo denies Microsoft offer

Sidney · 5th August 2004, 08:32

By Osamu Tsukimori, CBS MarketWatch.com
Last Update: 1:31 AM ET Aug 5, 2004

TOKYO (CBS.MW) -- Shares of Nintendo soared Thursday in Tokyo after Microsoft's Bill Gates reportedly said that the software giant is interested in buying the Japanese videogame maker.

Microsoft Chairman Gates told the German weekly magazine Wirtschafts Woche on the sidelines of a meeting with analysts in the United States. that Microsoft (MSFT) is interested in making an offer to buy Nintendo (7974) (NTDOY) if Hiroshi Yamauchi -- Nintendo's largest shareholder with a 10 percent stake -- and its adviser, were ready to sell.

"We are not interested in selling Nintendo to anyone and there's absolutely no such talk at all," said Nintendo public relations head Yasuhiro Minagawa. "There's no way Mr. Yamauchi would sell his stake."

The Kyoto-based company is developing a successor to its popular GameCube video game console.

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5th August 2004, 08:32	#1
Sidney Member Join Date: Mar 2004 Posts: 15,738	Nintendo denies Microsoft offer By Osamu Tsukimori, CBS MarketWatch.com Last Update: 1:31 AM ET Aug 5, 2004 TOKYO (CBS.MW) -- Shares of Nintendo soared Thursday in Tokyo after Microsoft's Bill Gates reportedly said that the software giant is interested in buying the Japanese videogame maker. Microsoft Chairman Gates told the German weekly magazine Wirtschafts Woche on the sidelines of a meeting with analysts in the United States. that Microsoft (MSFT) is interested in making an offer to buy Nintendo (7974) (NTDOY) if Hiroshi Yamauchi -- Nintendo's largest shareholder with a 10 percent stake -- and its adviser, were ready to sell. "We are not interested in selling Nintendo to anyone and there's absolutely no such talk at all," said Nintendo public relations head Yasuhiro Minagawa. "There's no way Mr. Yamauchi would sell his stake." The Kyoto-based company is developing a successor to its popular GameCube video game console. http://custom.marketwatch.com/custom...ines.asp?GUID={B0C5FCDF-FC03-42F1-B966-DC05B5EAB6AD}&destination=&symb=MSFT __________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II

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