Press release: 2003-12-08: Sammy Corporation Purchases Stake in Sega Corporation
From Sega Retro
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This is an unaltered copy of a press release, for use as a primary source on Sega Retro. Please do not edit the contents below. Language: English Original source: The Free Library |
CARLSBAD, California, December 8 /PRNewswire/ -- Sammy Holding Company, Inc. today announced that parent company Sammy Corporation, in a continuing effort to diversify its global entertainment holdings, has acquired the shares of Sega Corporation held by CSK Corporation. The investment gives Sammy Corp. 39,148,600 additional shares, or a majority stake of 22.4%, in Sega Corporation. The two companies have been collaborating on various projects. With this acquisition of the shares, Sammy plans to solidify its business relationship with Sega. "Sammy is a strong company financially and is looking to pursue strategic investment opportunities," said John Rowe, President and Chief Operation Officer of Sammy Holding Company, Inc. "Now that we have taken yet another step toward becoming a global force in entertainment, we look forward to finding mutually beneficial ways to work with Sega." Sammy Corp. is growing its pachinko and pachislot business as it continues to diversify into other areas of entertainment. Sammy Holding oversees Sammy Corp.'s business in the US, Canada, and Europe. About CSK Corporation CSK Corp. is a major data-processing firm promoting comprehensive services, including system integration service, system development consulting, network system development, application development, technology and tool development, outsourcing services, system peripheral sales, education service and user support service. About Sammy Corporation and Sammy Holding Company, Inc. Sammy Corporation of Tokyo, Japan, is an entertainment and amusement conglomerate with approximately US$1.5 billion in annual revenue and one of the top-rated companies traded on the First Section of the Tokyo Stock Exchange. Sammy Holding is a wholly-owned subsidiary of Sammy Corp., overseeing business initiatives for its parent company in all markets outside of Asia. Sammy Holding includes Sammy Studios, Inc., Sammy USA Corp., and Sammy Europe Ltd. Investment and financial information about Sammy Corp. is available at http://ir.sammy.co.jp/top_e.jsp . For more information on Sammy USA please go to www.sammyusa.com. Information on Sammy Studios is available at www.sammystudios.com. Web site: http://www.sammystudios.com Meelad Sadat of Sammy Studios, Inc., +1-760-448-3061, or [email protected]; or Erica Kohnke of Kohnke Communications, +1-415-777-4000, or [email protected], for Sammy Holding Company, Inc. COPYRIGHT 2003 PR Newswire Association LLC No portion of this article can be reproduced without the express written permission from the copyright holder. Copyright 2003 Gale, Cengage Learning. All rights reserved.