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Friday, April 29, 2005

KONAMI SELLS OFF TAKARA



Konami apprently owned a piece of Takara - the Japanese makers of toys like TRANSFORMERS -and now they sold off all their shares in the toy titan!

Konami purchased the stock in 2000, when Takara was undergoing a period of economic stagnation. Konami used their influence over Takara to both improve the toymaker's management and strengthen their own character goods production. However, lacking a hit product since the Beyblade line of toys, Takara's profits have once again sagged into the red, prompting Konami's recent sell-off.

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