Reggie Fils-Aimé recently hosted and chaired a livestream roundtable to celebrate the 20th Anniversary of Xbox, which was interesting not only as an insight into the era of its original launch, but to see what some former gaming executives are doing now. Fils-Aimé, for his part, has remained active in the gaming industry (through various roles) since he left Nintendo, and is now confirmed to be leading a new project that will combine his executive business experience with his passion for gaming and its connected industries.
UTA Acquisition Corporation is launching a public offering priced at $200 million for a "special purpose acquisition company targeting businesses in the gaming, digital media, creator economy, entertainment and technology industries".
As for how the company will operate, here's the official blurb:
The Company is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or sector, it intends to identify and complete a business transaction with a company operating in the gaming, digital media, creator economy, entertainment and technology industries.
In basic terms, it'll aim to support companies and entities that are seeking - for example - to shift from being private to public companies, with UTA Acquisition Corporation able to support as an 'umbrella' to assist with the process. It'll also function as an intermediary of sorts to support businesses of various kinds as they grow, enter mergers etc.
Fils-Aimé will be chairperson of the company, contributing his experience and expertise and also, of course, notable profile.
The former Nintendo of America President continues to stay involved in the gaming space, and will no doubt remain a very public and popular figure as he does so.
[source investors.utaacorp.com]
Comments 15
My Blankety Blank Chequebook and Pen is ready
Reggie’s body is ready to help you lay-off your employees.
@CactusMan I laughed for an hour on that suggestion.
Reggie is ready to step to the other side....
Guys, it's been years since he left Nintendo, move on, what his new company has to do with a site named Nintendo life?
Reggie memes/gifs will always make me chortle.
The year 2062. Reggie Fils-Amie decides to retire.
I still can't figure out what is so special about Reggie. Is he a really top notch executive that gets things done, and that's why he's in demand?
@Mountain_Man
His involvement in the successes of the Wii and DS, and later with the first half of the Switch, is ultimately what makes companies want him on. He has clearly proven that he's able to market things very well.
Was looking forward to a return to the fast food industry like the good old Pizza Hut days
@Zucaritas He's still part of Nintendo's history. It's nothing more than glimpse of what he's up to now. Not every single thing on Nintendolife has to be 100% Nintendo related.
So where did retirement go nowdays???
Do not see this lasting for him very long at this job, this is a cool thing to do, but I have noticed that every job he has had after leaving Nintendo. He has not stayed at very long. He misses Nintendo. I think the main reason he left was the death of Iwata. They were such close friends and when Iwata passed away, it crushed Reggie. I think that is one of the main reasons he left, and now he seems lost, I wish him well, but I really would like to see him come back to Nintendo. In any position, I miss him, and I hope he does well in what ever he does.
He has hopped around a bit after he left Nintendo.
@Gamer_Zeus I think he was forced out by the new Japanese management. Whenever there is a new ceo, there will always be changes in the structure.
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