CSK’s board of directors is under pressure to offload its costly Sega stake, it emerged overnight.
Following the firm losing money for five consecutive years, Sega is becoming troublesome to its major shareholder and it is thought that CSK, holder of over 22% of Sega stock, is pressuring the firm to merge with Sammy, thus offloading much of the financial burden carried at present.
It is also thought that CSK is in talks with several companies who have been openly eyeing Sega’s vast catalogue of intellectual properties, undoubtedly the richest in the industry.
“We have not yet decided what to do with the Sega stake,'' commented CSK press spokesman Hitoshi Tani, leading many to believe that serious action is about to be taken by the network solutions giant.
As ever, we’ll follow this closely and bring you updates as they occur.