More Reviews
REVIEWS Disney Infinity 3.0 Review
Disney Infinity 3.0 offers the first real taste of new Star Wars gaming content since the franchise was purchased by the Disney Corporation. This begs the question: Is it Han Sololicious? Or Jar Jar Bombad?

Lara Croft GO Review
Everyone’s favorite spunky spelunker goes retro for her new adventure on mobile devices. Does this blast from the past offer enough variety to stand on its own?
More Previews
PREVIEWS YIIK: A Postmodern RPG Preview
What if there was a modern day EarthBound game? YIIK attempts to answer the question.
Release Dates
NEW RELEASES Metal Gear Solid V: The Phantom Pain
Release date: 09/01/15

Destiny: The Taken King
Release date: 09/15/15

Skylanders SuperChargers
Release date: 09/20/15

LEGO Dimensions
Release date: 09/27/15


LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP Ivory_Soul
Windows 10 Review for Dummies
By Ivory_Soul
Posted on 08/11/15
After all these years, and growing up with Windows 3.1, I have seen an entire evolution of computers and software. Touch screens and large resolutions were a pipe dream just 15 years ago. Now it's the norm. Going from a Packard Bell (yes, before HP) that couldn't run 3D Ultra Mini...

GAMING NEWS

[Update: Yamauchi Shares Buyback Confirmed] Nintendo’s Founding Family “Desires to Sell” its Shares

Posted on Tuesday, February 4 @ 08:30:00 PST by Alex_Osborn


[Update] Nintendo has confirmed that the Yamauchi family has sold some of its shares, as the company moves forward with its 114 billion-yen buyback initiative. The Big N purchased a total of 9.5 million shares at 12,025 yen each.

CVG points out that Nintendo is doing this primarily to allow the company to make future mergers and/or acquisitions. It's going to be incredibly interesting to see how things shake out with the Big N in the months to me.

[Bloomberg]

[Original] The Yamauchis, the founding familiy of Nintendo, is selling its shares in the company. This is being done in anticipation of the 114.2 billion yen share buyback terms being set tomorrow.

There's no word on exactly how many shares the Yamauchi family plans to sell, as all we know right now is that they "desire to sell." The family owns approximately 10 percent of the company's total shares. For those that don't know, former Nintendo CEO Hiroshi Yamauchi passed away during the latter half of last year.

For the buyback, the Big N will be purchasing up to 9.5 million shares at 12,025 yen each. This makes up 7.4 percent of its available stock.

[Nintendo, via Bloomberg]
Tags:   Nintendo, Wii U, 3DS
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution