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Sega Sammy Holdings ( (JP:6460) ) has provided an update.
SEGA SAMMY HOLDINGS INC. has announced a strategic restructuring plan where it will transfer its Gaming Business to its wholly owned subsidiary, SEGA SAMMY CREATION INC., through an absorption-type company split. This move aims to centralize management and enhance international competitiveness by leveraging synergies across its gaming-related businesses, following significant acquisitions in the online gaming sector. The restructuring aligns with the company’s medium-term objectives to expand in the US iGaming market and streamline governance for quicker adaptation to market changes.
More about Sega Sammy Holdings
SEGA SAMMY HOLDINGS INC. is a comprehensive entertainment corporate group primarily involved in the development, manufacturing, and sales of land-based and online/social casino gaming products and software. The company, listed on the Tokyo Stock Exchange Prime, focuses on the gaming industry, enhancing its market presence through strategic acquisitions and joint ventures.
YTD Price Performance: 7.44%
Average Trading Volume: 150
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.48B
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