Takara Tomy Merger Update

Friday, May 13th, 2005 9:50AM CDT

Category: Site News
Posted by: Alex Kingdom Views: 11,425

Takara have published a new press release containing details of the merger. the new company will be known as "Takara Tomy" and will be established on March 1, 2006. Below is a brief translated summary of the press release, translated by TFormers.com

As a result, Takara will be disolved & Tomy will be the surviving company since Tomy will have the majority of the shares. Tomy's Toyama Mikitarou president will assume the position of the President & Representative Director, Chairman Keita Sato of Takara will assume the position of the Representative Director Vice President & Chairman Masami Ochiai will assume the position from the index of the director. On September 1, there will also be a new strategic joint venture company established with the tentative name "Takara Tomy Network" which will concentrate on media aspects such as television, cellular phones & procurement of projects of animation production companies & new content.

It is still anyone guess what this will mean for the future of the Transformers brand.

Credit(s): TFormers