RPGFan


Takara Tomy Merger Announced
05.13.05 - 2:57 PM

While Takara and Tomy emphasized only yesterday that they had just entered negotiations rgearding a possible business tie-up, the two companies today held a press conference in Japan, stating that a consensus regarding the proposed merger's fundamentals has been reached. Effective March 1st 2006, the two companies will merge to form a new company called Takara Tomy. The new entity's president will be current Tomy president Kantarou Tomiyama, with Takara chairman Keita Satou assuming the position of vice president. Both will have executive powers. Unlike Bandai and Namco, Takara and Tomy won't establish a holdings company, but rather dissolve Takara. Shareholders will receive 0.178 Tomy shares for one Takara share. Takara's largest shareholder, the mobile contents distribution company Index, will also undertake a third-party allocation of Takara shares in late September and after the merger, remain the largest shareholder of Takara Tomy. Index had just acquired its 22.2% stake from Konami on April 25th. Furthermore, Index, Takara and Tomy will jointly set up a new company in order to strengthen the content business related to popular characters on September 1st. According to representatives of Takara and Tomy, Takara chairman Satou approached Tomy about the business tie-up after Konami had sold its stake in Takara to Index. Since Index's management also backed the move, the three parties were able to reach an agreement in such a short period of time.


Back
Chris Winkler





Coming Up on Twitch

Back To The Future
May 1 • 9:00am PDT/12:00pm EDT

Final Fantasy IX PC
May 8 • 9:00am PDT/12:00pm EDT

Persona 4 Golden Continues!
Every Monday • 5:00pm PDT/8:00pm EDT

Grandia II Continues!
Every Wednesday • 2:00pm PDT/5:00pm EDT

Featured Content
Kathy Rain Review
Kathy Rain
Review
Valkyria Chronicles Remastered Hands-On Preview
Valkyria Chronicles Remastered
Hands-On Preview
Grand Kingdom Hands-On Preview
Grand Kingdom
Hands-On Preview
Rhythm Encounter 26: Bends of Time
Rhythm Encounter Episode 26: Bends of Time
Podcast
Etrian Odyssey Untold OST Review
Etrian Odyssey Untold
OST Review
Nioh Hands-On Preview
Nioh
Hands-On Preview
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter