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Namco Bandai Sells Monolith Soft to Big N
04.27.07 - 2:52 PM
Namco Bandai Games has sold its subsidiary Monolith Software to Nintendo. Under the agreement Nintendo will acquire a majority stake of 80% in the makers of Xenosaga and Baten Kaitos, while Namco Bandai will retain a 16% stake in the company, which was originally founded by Namco in 1999. The transfer of the shares is scheduled for May 1st.
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