Nintendo Could Have Been Bought By This Unexpected Company, Activision Founder Says
According to Activision founder Bobby Kotick, Berkshire Hathaway's Charlie Munger was at one point in time interested in buying Nintendo, or at least interested in exploring the idea of buying Nintendo.
Kotick said on the Grit podcast that Munger was not a fan of video games, but saw an opportunity to potentially make a bid for Nintendo. Munger is said to have floated the idea of spending some of Berkshire's immense holdings on making moves in the video game space. One of Munger's ideas, apparently, was to buy Nintendo.
"He goes, 'You know, I was looking at a couple other companies in your sector. I think if we bought yours, we should buy that company Nintendo, too,'" Kotick recalled. "He said, 'Have you guys looked at it? I was like, 'Yeah.' It was trading [at the time] at like 13 billion, with 7 billion in cash. He goes, 'You know, I don't think anything is gonna go really bad before I'm dead, and then if it goes bad after I'm dead, they'll just chalk it up to the folly of an 82-year-old, so you don't have to be so concerned about disappointing me."
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