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Issue Date: Vol. 45, No. 5, May 2005, Posted On: 5/2/2005


May 2, 2005: Namco And Bandai Merger

NAMCO, BANDAI ANNOUNCE MERGER; STOCKS LEAP ON NEWS

TOKYO - Namco Ltd. and toy manufacturer Bandai Co. , creator of Power Rangers, the Tamagotchi virtual pet, Astro Boy and other properties , have announced plans to merge. Bloomberg reported the deal calls for Bandai to pay $1.7 billion in cash and stock, on a two shares-for-one stock swap basis, to acquire a controlling interest in Namco. Approval by both companies' shareholders is expected in late June. A joint stock company called Namco Bandai Holdings Inc. will be created on Sept. 29; negotiations for the merger began last September, a source told VT. Bandai will control a 57% stake of NBHI, and Namco the remaining 43%. The merged entity will represent annual combined sales of $4.28 billion, second only to Sega Sammy Holdings in the Japanese amusements industry. Bandai president Takeo Takasu will serve as NBHI's president and Namco vice-chairman Kyushiro Takagi will assume the role of NBHI chairman. Analysts described the merger as a shrewd move in a maturing market that will offer Namco more capital and a stable of popular characters for game development, while bringing hi-tech expertise to Bandai. Executives said staff cuts are not expected. Namco stock rose nearly 9% on the Japanese market following the announcement.

 

The Bandai Group, regarded as the world's largest toy company, produces and sells toys, candy, apparel, films, music and animation. The company was founded in Tokyo in July 1950 by Naoharu Yamashina, and its first product, "Rhythm Ball," launched in September that year. Bandai also manufactures capsuled novelty vending machines and the figurines and toys that go in them. "Capsule Station" venders, which are prolific throughout Asia, are supported annually by about two dozen new collections based on world-leading toy, film and video game licenses. The company's vending business emerged in 1977, when its first toys for capsules rolled out.

 


The material here is from "Ahead of the Times, VT MUSIC & GAMES," an electronic supplement that instantly delivers the latest news in the coin-op music and games industry. If you would like to receive Ahead of the Times by e-mail, or know someone who would, send a request along with the recipient's e-mail address and company name to alicia@vendingtimes.net; Subject: "SUBSCRIBE: AHEAD OF THE TIMES MUSIC & GAMES." Subscriptions to the newsletter may only be requested by e-mail. Your request may not be fulfilled if the subject line field is incorrect or incomplete.


Topic: Ahead of the Times: Music and Games

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  • JUNE 5, 2006: Lower CD Rates Possible In Future, Says AMOA Official; Global VR Finalizes UltraCade Purchase; Photo-Me Inc. Acknowledges Potential Suitor; Stinger Report Moves To Free Subscription Model; Downloading Jukes Make Wall Street Journal, Again

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