Toy Company and Broccoli Owner Sold to Telecom Company
Videogame maker Konami
has dumped all 20 million of its shares in Toymaker Takara
. The shares, which amount to 20% of Takara
, have been sold to cellular phone systems developer and wireless content provider Index Corporation.
Although not a majority share, the 20% makes Index Corporation the largest shareholder.Konami
purchased the Takara
shares in 2000. At the time Takara
wasn't performing very well financially and Konami
helped turn the comany around. However since then Takara
has once again fallen into unprofitability as the company has not had a major hit since BeybladeIn 2003 Takara
purchased the majority of shares in Broccoli
and Japanese video game company Atlus
and Index Corporation have collaborated on projects in the past.