iTunes - Podcast RSS Feed - Podcast RSS Feed - News RPGFan YouTube Channel RPGFan on Facebook RPGFan on Twitter


RPGFan Social Links
Gungho Plans to Make GameArts a Consolidated Subsidiary
10.17.05 - 10:32 PM

At a board meeting in Tokyo today, Gungho Online Entertainment executives decided to rise the company's stake in GameArts with the aim of making the developers of Grandia and Lunar a consolidated subsidiary. GungHo which operates MMORPGs such as Ragnorak Online, A3 and Tantra in Japan, has already obtained the approval of GameArts founder, president and No.1 shareholder Youichi Miyaji. Following the board's decision today, Gungho management will now enter into negotiations with GameArts' other shareholders to obtain a majority stake in the development studio. As GameArts' second largest shareholder GungHo itself already owns a 11.93% stake in GameArts. Apart from Miyaji who holds a 35.20% stake, GameArts' shareholders include Connect Technology (11.93%), Square Enix (11.46%), Kadokawa Shuppan (5.73%), O.S. Capital (4.53%) and 16 other individuals (19.22%).

At last month's Tokyo Game Show, GungHo and GameArts had jointly announced the first online installment in GameArts' critically acclaimed flagship series, Grandia Online.


Back
Chris Winkler





Featured Content
The Walking Dead Season 2: Episode 4 Review
The Walking Dead Season 2: Episode 4
Review
NAtURAL DOCtRINE Gallery
NAtURAL DOCtRINE
New Media
Wasteland 2 Preview
Wasteland 2
Preview
Bik Review
Bik
Review
Dreamfall Chapters Gallery
Dreamfall Chapters
New Media
An RPG By Any Other Name
An RPG By Any Other Name
Editorial
Ar Nosurge: Ode to an Unborn Star New Media
Ar Nosurge: Ode to an Unborn Star
New Media