After purchasing a 93.70% stake earlier in the year, Square-Enix officials have announced that Taito is to become a wholly owned unit of it's company from March 31st 2006.
Existing amusement arcade operator and wholly owned Square Enix subsidiary SQEX Inc. will take over the company through an equity swap, but the resulting entity will retain the Taito name. As a result, Taito will be delisted from the First Section of the Tokyo Stock Exchange on March 7th, according to an AFX News report.
Taito is most well known for it's arcade franchises, Space Invaders, Qix, Arkanoid, Bubble Bobble and Chase H.Q.
[Source: Gamasutra]
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