Following initial financial forecasts of just short of £2 million profit for the year ending March 2003, Capcom has now predicted that it expects to lose around £66 million, sparking intense rumour that a Microsoft buy-out of the firm is on the cards.
Capcom stated that increased operation losses, combined with failed landholding investments are to blame for the situation.
Even before we broke the news of Microsoft’s Rare buy-out, rumours that Xbox staff had been in talks with Capcom had surfaced. It is well known that for a long time Microsoft has been looking for a high-profile Japanese firm to acquire, to the extent of approaching both Sega and Nintendo in the past.
Microsoft needs a Japanese signing of substance to strengthen its offering to the Xbox-apathetic gamers in the region as its machine continues to gain a foothold in the Japanese market, a factor seen as essential for wider commercial success in the games hardware market.
We’ll bring you more on this as it breaks. Remember where you read it first.
Capcom stated that increased operation losses, combined with failed landholding investments are to blame for the situation.
Even before we broke the news of Microsoft’s Rare buy-out, rumours that Xbox staff had been in talks with Capcom had surfaced. It is well known that for a long time Microsoft has been looking for a high-profile Japanese firm to acquire, to the extent of approaching both Sega and Nintendo in the past.
Microsoft needs a Japanese signing of substance to strengthen its offering to the Xbox-apathetic gamers in the region as its machine continues to gain a foothold in the Japanese market, a factor seen as essential for wider commercial success in the games hardware market.
We’ll bring you more on this as it breaks. Remember where you read it first.
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