this post was submitted on 19 Sep 2023
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Microsoft Nintendo acquisition hopes revealed by leaked Xbox exec email (www.rockpapershotgun.com)
submitted 1 year ago by stopthatgirl7@kbin.social to c/games@sh.itjust.works
27 comments fedilink hide all child comments
 

In the latest unredacted document oopsie stemming from the US Federal Trade Commission's efforts to stop Microsoft acqu…

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[–] notfromhere@lemmy.one 35 points 1 year ago (1 children)

"I've had numerous conversations with the LT of Nintendo about tighter collaboration and feel like if any US company would have a chance with Nintendo we are probably in the best position. The unfortunate (or fortunate for Nintendo) situation is that Nintendo is sitting on a big pile of cash, they have a [board of directors] that until recently has not pushed for further increases in market growth or stock appreciation.

“I say "until recently" as our former MS BoD member ValueAct has been heavily acquiring shares of Nintendo and I've kept in touch with [ValueAct CEO] Mason Morfit as he's been acquiring. It's likely he will be pushing for more from Nintendo stock which could create opportunities for us.

Let the enshittification begin

[–] oxideseven@lemmy.ca 17 points 1 year ago (1 children)

Publicly traded companies was just the worst damn idea ever... growth for growth's sake is ruining everything.

[–] Corkyskog@sh.itjust.works 5 points 1 year ago (1 children)

Honestly to me the real shame is everyone's retirement is tied up in Wallstreet, but no one is personally voting, that's all done by investment managers. Even in the cases where people get their proxy votes, they mostly throw them away.

Retail investment is a quarter of the market, but only 32% of retail shares had their votes cast (vs 80% for the market as a whole), and on average only 12% of a firms retail accounts vote at all.

[–] WheeGeetheCat@sh.itjust.works 2 points 1 year ago (1 children)

If I own shares through a vanguard index, can I vote in each of those companies?

If so, how?

Someone could make a tool to make it quick and easy

[–] Corkyskog@sh.itjust.works 1 points 1 year ago

Depends what fund, seems like they are trialing a new proxy vote system