RPGFan
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
Music of the Year 2014: Day Three
Music of the Year 2014
Day Three
Atelier Shallie: Alchemists of the Dusk Sea Review
Atelier Shallie: Alchemists of the Dusk Sea
Review
Might and Magic Heroes VII Hands-On Preview
Might and Magic Heroes VII
Hands-On Preview
Final Fantasy Type-0 HD OST
Final Fantasy Type-0 HD OST
Album Review
Kingdom Hearts Tribute Album
Kingdom Hearts Tribute Album
Album Review
Life is Strange: Episode 2 Review
Life is Strange:
Episode 2
Review
Pillars of Eternity Hands-On Preview
Pillars of Eternity
Hands-On Preview
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes