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Sega Corp. and Sammy Corp. announced today they will integrate their operations under a new holding company that will become Japan's biggest video game software company. Sega and Tokyo-based Sammy, Japan's biggest maker of slot machines, will form the new company by Oct. 1.
Sammy Corp. said it will buy the three quarters of Sega Corp. it doesn't own for about $1.4 billion in stock, resurrecting a takeover that failed a year ago.
“By integrating our operations, we will strive to become the world's number one entertainment company at an earliest time,” said Sammy president Hajime Satomi, who will head the new company.
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