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
Interview: Karl Roelofs Talks Shadowgate
Karl Roelofs Talks Shadowgate
Interview
Random Encounter Episode 84
Random Encounter Episode 84
Podcast
The Walking Dead Season 2: Episode 5 Review
The Walking Dead Season 2: Episode 5
Review
Sword Art Online -Hollow Fragment- Review
Sword Art Online -Hollow Fragment-
Review
Rhythm Encounter 16
Rhythm Encounter 16
Music Podcast
Akiba's Trip: Undead and Undressed Review
Akiba's Trip: Undead and Undressed
Review
Diablo III: Ultimate Evil Edition Review
Diablo III: Ultimate Evil Edition
Review