Konami To Take Over Hudson

Konami To Take Over Hudson

Publisher to assume full control over firm it has held a 54 per cent stake in since 2005 on 1 April.

Japanese publisher Konami has announced it is to take over Hudson at the start of the next financial year.

Andriasang reports that Konami, which with a 54 per cent stake has been Hudson’s parent company since 2005, will assume full control of the Bomberman developer on April 1.

Konami confirmed that Hudson will become a wholly owned subsidiary by way of a stock swap. It intends to take advantage of Hudson’s experience in game distribution for cell phones and make further moves into social gaming following the recent launch of its Facebook debut, Viva! Mall.

Current Hudson CEO Michihiro Ishizuka is to resign at the end of the current fiscal year on March 31, and will be replaced by Kazuhiko Uehara, currently of Konami Digital Entertainment. Konami is looking into company name changes and merging the two firms’ overlapping business areas.