Japan's top toymaker Bandai plans to merge with game
company Namco
TOKYO May 2, 2005: Japan's top toymaker Bandai Co Ltd
plans to merge with major game company Namco Ltd, officials said on Monday,
with reports saying the integration was expected later this year.
"It is true that we are planning to integrate operations (with Namco)," a
Bandai spokeswoman said.
"Details will be announced when a formal decision comes," she said, adding
board directors were holding an extraordinary meeting Monday to discuss the
matter.
A Namco spokeswoman said the company was "considering" the integration,
although a formal decision is yet to be made.
The Nihon Keizai Shimbun reported Monday the pair would form a holding
company possibly in late September, creating Japan's second-largest toy-game
business group.
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