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Buyout Offer: Tetris NES Collection

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Buyout Offer: Tetris NES Collection
September 13, 2021
Claire Zhang

The Game: This collection includes Tetris I (9.8, A++, Rev-A, Oval SOQ) and Tetris II (9.8, A++, Rev-A, Oval SOQ).


The Offer: $23,000 ($14.22 / share)

- 42.2% gain to the Drop Value of $16,200, or $10.00 / share

- 9.1% premium to the Current Market cap (as of close on 9/10) of $21,108.60, or $13.03 / share


The Data

- Most Recent: Tetris, 9.4, A+, Oval SOQ sold for $4,200 on 8/31/21.

- Most Comparable: Tetris, 9.8, A+, Oval SOQ sold for $5,520 on 7/10/2020.

- There are no public sales of Tetris 2 within the past 365 days.


Learn More: Vintage Nintendo Games: A Quick Guide to the Main Variants


Submit Counteroffer: Get in touch with our team here.


Join the Conversation: Chat with other Otis members about this offer on Discord.

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Trading has been placed on hold pending investor feedback related to the offer. We asked shareholders to provide feedback by Thursday, September 16th at 5pm ET.

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The Otis team will approve or reject the offer based on a number of factors, including shareholder vote, recent sales, and trading price on Otis. If the buyout is approved, investors will be eligible to receive a payout into their Otis cash account once the transaction is finalized.

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IMPORTANT UPDATE (9/15/21, 11:15am ET):

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After multiple counteroffers, the new highest offer is $27,500. This offer would net investors $17.00/share, representing a 70% gain vs. the drop value and a 30.5% gain vs. the last traded price.

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RESULT (9/17/21, 11:00am ET):

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The offer was rejected. The results of investor feedback were 61% reject and 39% approve, weighted by shares.

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