Capcom Co., Ltd (OTC:CCOEF) COO Haruhiro Tsujimoto stated in an interview at Tokyo Game Show 2023 that the company would "gracefully decline" any potential buyout offer from Microsoft Corp (NASDAQ: MSFT).
During Microsoft's recent efforts to acquire Activision Blizzard Inc (NASDAQ:ATVI) for $69 billion, leaked documents showed a list of potential acquisition targets for the company, including Square Enix Holdings Co Ltd (OTC:SQNXF), Sega Sammy Holdings Inc - ADR (OTC:SGAMY), Nintendo ADR (OTC:NTDOY) and Capcom.
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When asked how Capcom would respond to an offer from the American gaming giant, Tsujimoto replied: "I would gracefully decline the offer because I believe it would be better if we were equal partners.
"I think there have been many [merger and acquisition] talks in the game industry. There was once a time we were a target, but rather than acquiring an outside company, we prefer organic growth," Tsujimoto said, according to IGN.
He also emphasized Capcom's preference for developing talent in-house and revealed the Japanese company had "no intention of acquiring companies."
During its presentation at the Tokyo Game Show, Capcom provided enthusiasts with updates on various upcoming titles in its portfolio. These included announcements regarding games such as Dragon's Dogma 2, Exoprimal, Street Fighter 6 and the forthcoming release of Apollo Justice: Ace Attorney Trilogy.
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