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
Crypt of the Necrodancer Review
Crypt of the Necrodancer
Review
Final Fantasy XIV: Heavensward - Naoki Yoshida Interview
Final Fantasy XIV: Heavensward
Naoki Yoshida Interview
Mordheim: City of the Damned
Mordheim: City of the Damned
Preview
The Old Republic - Knights of the Fallen Empire
Star Wars: The Old Republic - Knights of the Fallen Empire
Preview
Moon Hunters Preview
Moon Hunters
Preview
Dragon Quest Heroes
Dragon Quest Heroes
Preview
Pillars of Eternity
King's Quest: A Knight to Remember
Impressions
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes