Gung Ho Acquires Acquire
The headline journalists have been waiting for!
Gung Ho Online Entertainment announced today that it has made developer and publisher Acquire into a subsidiary. The transaction was completed earlier today.
Prior to the transaction, Acquire's majority shareholder was Aeria, with a 50.1% stake in the company. Gung Ho purchased Aeria's 666 shares for 250 million yen, giving it the 50.1% stake.
Gung Ho said that it hopes the acquisition will beef up its development strength and expand profits.