Koei Tecmo Acquires Gust Corporation For 2.2 Billion Yen

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Koei Tecmo Holdings announced today that it will be making Atelier series developer Gust into a subsidiary.

Koei Tecmo Holdings will be acquiring all 495 shares of Gust stock from current 100% shareholder Keiken Holdings, making the small independent publisher into a wholly owned subsidiary.

The involved parties signed a deal for the stock purchase earlier today. The transfer is planned for the middle of this month. The purchase price for the stock will be 2.2 billion yen.

While Koei Tecmo Holdings does not currently have any shares or investment in Gust, Koei Tecmo Net, a Koei Tecmo Holdings subsidiary, does serve as Japanese domestic distributor for Gust's games.

In its announcement of the acquisition, Koei Tecmo Holdings noted that Gust, in the Atelier series, has produced a popular IP with many fans. It hopes to raise the value of the IP by making use of it in a variety of fields.

http://andriasang.com/comz8b/tecmo_koei_gust/