Sega sold its arcade division due to heavy losses caused by Covid-19. What future for these arcades?
The videogame giant Sega has decided to rely on external acquiresti to entrust the majority shares of the section Amousement Center, that is the one dedicated to arcades scattered throughout the Japanese territory. The company is forced to follow this path due to the huge economic losses suffered by the Covid-19, an epidemic that has not spared any sector.
The new owner of the aforementioned package will be Genda with 85% of the shares, which will try to limit the damage and reorganize the Ammousement section without upsetting it. The costs of this corporate reorganization are estimated around 20 billion Yen.
The period of loss at Sega could entice Sony and Microsoft, which are currently trying to acquire other software houses, to come forward to take over the videogame catalog of the historic Japanese company. Could the much-talked-about Xbox / Sega merger be close?