Holy corporate takeover, Mega Man!
Capcom announced today that its latest shareholder meeting has resulted in an official end to the company’s buyout defense. Originally placed in 2008, the defense strategies were set in motion to defend Capcom from being acquired by any one person or entity trying to suddenly buy a majority stock.
This doesn’t make Capcom completely defenseless in the event of a buyout, but it does mean Capcom no longer has the backing of shareholders should someone try to swoop in. It’s no secret that the publisher has been financially troubled as of late, and its shareholders aren’t comfortable stomaching anymore it seems.
So let your imaginations run free in comments. Anyone you would like, or dislike, to see buy up a controlling share? I’ll admit I’m not terribly concerned myself, but that could have more to do with my relative disinterest in Capcom’s recent library.
Capcom shareholders open company up to takeover possibility [Gamasutra]
