May 19, 2004 |
Sega Corp., the video game maker famous for Sonic the Hedgehog, and pinball equipment maker Sammy Corp. said Tuesday that they would integrate their operations under a new holding company that would become Japan's biggest video game software company. Sega and Tokyo-based Sammy will form the new company by Oct. 1. It will be 72% controlled by current Sammy shareholders, the companies said. Their combined group annual sales are about $3.
March 29, 2000 |
Electronic Arts Inc., Nintendo Co. and Sega Enterprises Ltd. sued Yahoo Inc. over the sale of counterfeit video game software sold through the Internet directory's Web site. The suit, filed in U.S. District Court in San Francisco, alleges that Yahoo is aware of the sales of pirated software, makes money because of them and has the ability to halt the sales. It seeks compensatory damages and an injunction halting the sales. Yahoo officials weren't immediately available to comment.
August 31, 1994 |
Pinball, it seems, is still profitable. At a time when "Super Streetfighter 2" and sophisticated virtual reality games are all the rage at the video arcade, Sega Enterprises Ltd. plans to acquire Chicago-based Data East Pinball, the world's second-largest pinball maker.
May 29, 1998
Sega Enterprises Ltd.'s Redwood City-based U.S. video game unit said it will spend $100 million in North America to promote its Dreamcast video game console even though it won't be released until 1999. Dreamcast is the 128-bit home video game machine developed in cooperation with Microsoft and others. Sega is betting Dreamcast, which gives users access to the Internet, will challenge Sony's PlayStation and Nintendo's Nintendo 64 in the $15-billion video game market.
August 13, 1999
Sega of America Inc. replaced its president, Bernard Solar, just as the video game maker is about to launch its high-powered Dreamcast game system, designed to revive flagging sales. Sega did not say whether Solar, who has been a marketing force for Dreamcast, was fired or resigned Wednesday. Toshiro Kezuka, who joined the company this year as deputy chairman, was named vice chairman and chief operating officer to replace Solar.