It's well-known fact that Sony's been in financial trouble for the past year causing the company to close down factories around the world, and Microsoft and Samsung have been secretly trying to take over the company.
With unexpectedly high development cost of PS3 and bleeding money from PSP hardware, Sony decided to hand over itself to the company of the same origin, Nintendo, rather than the foreign companies.
Nintendo will use its 7billion dollar cash reserve and loans from top Japanese banks to cover the cost of take over. The official announcement will be made on Monday through major Japanese newspapers.
The first move, immediately after the merger, is expected to be PS3 Revolution that is PS3 with Revolution controller. Also, Sony will sell PSP division to undisclosed Chinese company to cut the lose.
Japanese Business News
With unexpectedly high development cost of PS3 and bleeding money from PSP hardware, Sony decided to hand over itself to the company of the same origin, Nintendo, rather than the foreign companies.
Nintendo will use its 7billion dollar cash reserve and loans from top Japanese banks to cover the cost of take over. The official announcement will be made on Monday through major Japanese newspapers.
The first move, immediately after the merger, is expected to be PS3 Revolution that is PS3 with Revolution controller. Also, Sony will sell PSP division to undisclosed Chinese company to cut the lose.
Japanese Business News