facebook
twitter
rss
account
search
search
 

Japanese pay $115 million for Gravity

Sept. 1, 2005 at 1:45 PM   |   Comments

SEOL, South Korea, Sept. 1 (UPI) -- Japan's SoftBank company paid $115 million for control of South Korean electronic game company Gravity.

Gravity's chairman, Kim Jung-ryool, sold all of the 3.64 million shares, or 52.4 percent, he and his family owned to an investment affiliate of SoftBank, Chosun Ilbo reported Thursday.

The Japanese company offered to buy Gravity at the price that is three or four times higher than its current value, analysts said.

Topics: Kim Jung
© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Oryx Petroleum: Security improves in Kurdish north Oryx Petroleum: Security improves in Kurdish north
2
Gas capacity added to North Dakota shale Gas capacity added to North Dakota shale
3
Advocates blast TransCanada pipeline proposal Advocates blast TransCanada pipeline proposal
4
More solar power added to British grid More solar power added to British grid
5
Iran frets over carbon dioxide emissions rates Iran frets over carbon dioxide emissions rates
Trending News
Around the Web
x
Feedback