Eli5 Couldnt Microsoft just buy all shares of Nintendo?

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There is this story how Microsoft wanted/wants to buy Nintendo but was laughed out of the room. Is nintendo not a stock company? Couldnt Microsoft just buy 51% of all the shares? From what Ive seen the biggest shareholder is a japanese bank with 17%. Its not like somebody already owns the half.

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Anonymous 0 Comments

You don’t nesessarily need 51%, you just need a significant stake (let’s say 10-20%) and then make an offer above market. At that point, you’re implicitely threatening them that you’ll sell off tanking the price. The conpagny’s board has to make a decision in the benefit of stakeholders so they are forced to accept unless the stock price surges and the increase looks sustainable.

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