Namco Bandai buys Infogrames stake

Deal hoped to strengthen European presence

TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe.

Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai and Infogrames games in Europe and Asia.

Infogrames has an option to sell the outstanding 66% in the new entity to Namco Bandai until June 30, 2012. After that, Namco Bandai has a year to exercise an option to buy the stake.

The primary object of the deal is to strengthen Namco Bandai’s sales presence in the rapidly expanding European market.

Both sides intend to hammer out the details of the deal, including the exact amount and percentage of investment, by the end of February.

Atari Europe sells games in 20 countries in Europe. Sales for 2007 amounted to $280 million.

More Digital

  • Loving Vincent Animation Oscars

    'Loving Vincent' Nabs Oscar Nomination: Kickstarter Touts Academy Awards Streak

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

  • Barstool Sports logo

    Barstool Sports Gets Another $15 Million From Chernin Group

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

  • Slate Staffers Unionize With Writers Guild

    Slate Staffers Unionize With Writers Guild of America East

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

  • TaylorSwiftVEVO - YouTube

    YouTube Will Merge Vevo Channel Subscribers Into Unified 'Official' Music Artist Accounts

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

  • Netflix phone

    Netflix Takes Another Stab at Shorter-Form Videos With 15-Minute Comedy Specials

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

  • Funny or Die Logo

    Funny Or Die Lays Off Employees Amid Digital Sector Crunch

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

  • Google audiobooks

    Google Takes on Audible With New Audiobook Offering

    TOKYO — Namco Bandai Games Europe is laying out $46.7 million for a 34% stake in the European and Asian distribution units of Gallic vidgame company Infogrames Entertainment, which owns Atari Europe. Under the terms of the transaction, Infogrames will regroup the units into a stand-alone company with exclusive physical distribution rights for Namco Bandai […]

More From Our Brands

Access exclusive content