Japan's Namco Bandai considers stake in Atari Europe's sales arm

Tue. September 09, 2008; Posted: 11:39 PM

TOKYO, Sept 10, 2008 (Asia In Focus via COMTEX) -- NCBDF | Quote | Chart | News | PowerRating -- NAMCO BANDAI HOLDINGS INC. (TSE:7832) said Tuesday that it plans to spend about 5 billion yen (US$46.78 million) to take a 34 per cent interest in the sales unit to be spun off from French game developer ATARI EUROPE SAS, a move that will help it tap the rapidly growing European market. The Japanese game developer and Atari Europe's parent, INFOGRAMES ENTERTAINMENT SA of France, are still discussing the matter.

* The two sides signed a letter of intent last Friday that includes a timeline for negotiations.

* After conducting due diligence, the firms are to hammer out the investment amount and stake by late February.

For full details for NCBDF click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.