11th April 2005, 1:55 PM
Quote: Konami revealed its new position as majority stockholder of Hudson Soft Co., Ltd. today on its Japanese website.
After dismal fiscal year for Hudson, the software company turned to its primary stockholder, Konami, to improve its fiscal situation. Hoping to "strengthen Hudson's net worth," Konami agreed to purchase 3 million new shares to raise its ownership of Hudson from forty-five percent to fifty-four percent.
Hudson is now a consolidated subsidiary of Konami, and the parent company will oversee the developer's reorganization. Hudson currently provides Nintendo (which owns 1.23% of Hudson) with games and software development tools. Whether Konami's increased investment will influence Hudson's relations with Nintendo is unknown.
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