Japanese Toymaker Bandai Acquires Game Developer Namco for $1.7 Billion
Tokyo -- Japanese toymaker Bandai announced on Tuesday that it has acquired Japanese video game publisher Namco, in a deal valued at $1.7 billion. Bandai creates action figures for the Power Rangers, Gundam and Digimon, as well as Tamagotchi virtual pets, while Namco has developed game franchises including "Pac-Man," "Tekken" and "Street Racing Syndicate." Bandai president Takeo Takasu will become president of the new company, Namco Bandai Holdings, while Namco vice chairman Kyushiro Takagi will be chairman. The merged company sees opportunities for Namco to create games based on Bandai toys.
http://www.nytimes.com/2005/05/03/business/worldbusiness/03toy.html
http://www.namco.com
http://www.bandai.com
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