Capcom says no thanks to Microsoft
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Damaging real estate transaction leaves Capcom down but by no means out
Capcom Japan has moved to quash rumours of a potential buy-out of the company by Microsoft, which surfaced after the Redmond-based giant paid the Japanese publisher a visit only days after it had announced a massive downturn in its financial guidance for fiscal 02/03.
It had been assumed that Microsoft would make a bid for Capcom, or at least attempted to negotiate some kind of deal which would have seen the publisher boost production of Xbox exclusive titles in return for financial assistance. We may never know what kind of offers were tabled, however, as it seems that the company has decided that it does not need Microsoft's assistance.
"Capcom has made some financial adjustments in Japan that could cause the group to declare a loss in this fiscal year," the (under-)statement from the company reads. "The adjustments relate to extraordinary items related to real estate. This does not reflect any downturn in the performance of the general business of the software development and sales operations."
