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
Project Destati: LIGHT Review
Project Destati: LIGHT
Music Review
Shadows: Heretic Kingdoms Review
Shadows: Heretic Kingdoms
Review
Rhythm Encounter 19 - String Quartet
Rhythm Encounter 19
feat. Taylor Davis
Game of Thrones - A Telltale Games Series Review
Game of Thrones: Episode 1
Review
Random Encounter Episode 88
Random Encounter Episode 88
Podcast
Kingdom Hearts II.5 HD ReMix Review
Kingdom Hearts II.5 HD ReMix
Review
Pier Solar and the Great Architects HD Review
Pier Solar and the Great Architects HD
Review