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Konami Acquires Majority Stake In Hudson Soft

by Rainier on April 12, 2005 @ 2:08 a.m. PDT

Konami Corp announced that it will make its affiliate game software maker Hudson Soft Co a subsidiary through a private offering of new shares later this month. Responding to a capital infusion request from the financially troubled Hudson, Konami will buy 3 million new Hudson shares on April 27 for 1.43 billion yen. Previously Konami already owned 45% of the company, and after the acquisition of shares clims to 54%. Hudson Soft currently has 540 employees, but the upcoming restructuring will surely slim that number down.
Konami Corp announced that it will make its affiliate game software maker Hudson Soft Co a subsidiary through a private offering of new shares later this month. Responding to a capital infusion request from the financially troubled Hudson, Konami will buy 3 million new Hudson shares on April 27 for 1.43 billion yen. Previously Konami already owned 45% of the company, and after the acquisition of shares clims to 54%. Hudson Soft currently has 540 employees, but the upcoming restructuring will surely slim that number down.
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