Original report comes from the paywalled The Information, that they tried to sell to private equity for $100B-$150B, but that it was short lived and fell through. This backs what a lot of us have been thinking based on the moves Sharma has been making, that they track with a sell-off of the Xbox brand.
That one is always misleading. It’s a known Japanese corporate move. As the article says, called “hansei”. Culturally regarded as an empty public gesture done exclusively to save the company’s public image. It works as a PR move, and it obviously did here, since it happened in 2013 and people still talk about it.
But, it actually does nothing financially, and usually none of the money saved goes anywhere. Nintendo avoided layoffs because they hoard liquidity. Have done so since the 80’s. Their revenue could collapse and they could lose money for a decade and still not reach bankruptcy. That is far more unique to tech corporations than halving executive’s pay. It is what actually has been protecting Nintendo from their failures. They still exploit and abuse employees just like every other Japanese corporation.
Doesn’t make it misleading, it is something that happened. I never read Sony did this before. Which other company did that, other than Nintendo?
Where do you get that?
(Edited a quote and reply away, because I was too dumb to read correctly.)
So because it saves Nintendo from their failures, does mean its misleading to write articles that Nintendo did it?
In what way and where did you got that? Are there reports about Nintendo doing it?