Pac-Man Defense

Well, wokka wokka to you, too.

Hostile takeovers are rare in real life; not so rare in Pac-Man. But when they do happen, there exists a whole cadre of strategies behind defending them, and the Pac-Man defense is inarguably the best-named strategy.

In essence, what happens when, say, an angry competitor...call them Blinky, Inc., tries to buy angrier competitor...uh, Inky, Inc.?

Blinky would be buying shares of Inky in the open marketplace, filing to go past 15% ownership...and eventually own enough shares to elect its own board of directors and make a takeover happen.

Well, in a Pac-Man defense, as Blinky is snarfing up shares of Inky...Inky buys shares of Blinky, sorta turning the tables.

While you’re gobbling up the competition though, don’t forget to eat a bunch of cherries or a strawberry every once in a while. You, uh...still need your fruits and vegetables.