Why Capcom COO Says He Would 'Gracefully Decline' Potential Acquisition From Microsoft

Zinger Key Points
  • Leaked documents reveal Microsoft's potential targets, including Capcom, during its bid for Activision Blizzard.
  • Capcom's COO Haruhiro Tsujimoto says Capcom prefers to develop in-house talent.

Capcom Co., Ltd CCOEF COO Haruhiro Tsujimoto stated in an interview at Tokyo Game Show 2023 that the company would "gracefully decline" any potential buyout offer from Microsoft Corp MSFT.

During Microsoft's recent efforts to acquire Activision Blizzard Inc ATVI for $69 billion, leaked documents showed a list of potential acquisition targets for the company, including Square Enix Holdings Co Ltd SQNXF, Sega Sammy Holdings Inc - ADR SGAMY, Nintendo ADR NTDOY and Capcom.

See Also: Capcom's 'Resident Evil 2' Remake Becomes Franchise's Best-Selling Game Ever

When asked how Capcom would respond to an offer from the American gaming giant, Tsujimoto replied: "I would gracefully decline the offer because I believe it would be better if we were equal partners.

"I think there have been many [merger and acquisition] talks in the game industry. There was once a time we were a target, but rather than acquiring an outside company, we prefer organic growth," Tsujimoto said, according to IGN.

He also emphasized Capcom's preference for developing talent in-house and revealed the Japanese company had "no intention of acquiring companies."

During its presentation at the Tokyo Game Show, Capcom provided enthusiasts with updates on various upcoming titles in its portfolio. These included announcements regarding games such as Dragon’s Dogma 2, Exoprimal, Street Fighter 6 and the forthcoming release of Apollo Justice: Ace Attorney Trilogy.

Read Next: Xbox Game Pass Price Hike: Microsoft's Phil Spencer Reveals 'Inevitable' Increase

Photo: rafapress on Shutterstock.

Market News and Data brought to you by Benzinga APIs
Posted In: GamingNewsPenny StocksGlobalGeneralacquisitionJapanTokyo Game Showvideo games
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...