Sega Sammy converts TMS Entertainment into subsidiary

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Sega Sammy converts TMS Entertainment into subsidiary

Saturday, October 8, 2005 at 00:10 JST
NAGOYA — Sega Sammy Holdings Inc said Friday it has made TMS Entertainment Ltd a consolidated subsidiary by acquiring a 50.2% stake in the affiliated animated movie maker in terms of voting rights.

The acquisition of TMS shares through the Nagoya Stock Exchange is part of Sega Sammy's plan to become one of the world's leading entertainment companies, said the holding company of amusement equipment maker Sega Corp and pachiko machine producer Sammy Corp.

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http://japantoday.com/e/?content=news&cat=3&id=351559

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