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Sega Laying Off 20% of U.S. Staff As Merger Looms With Pinball Firm

Authored by Mark Hefflinger on February 28, 2003 - 2:13am.
Tokyo -- Japanese game developer Sega said on Friday that it will lay off 20 percent of the staff, or 90 employees, at San Francisco-based Sega of America as it looks toward a merger with Japanese pinball game manufacturer Sammy Corp. Several outlets reported that both Electronic Arts and Microsoft may also possibly bid for Sega, but both companies have denied such reports. The unlikely merger between Sega and Sammy is currently scheduled to close in October.
tags: Sega | U.S | Pinball | Looms |