About Holding Company
A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.
L'Occitane shares jump as controlling shareholder mulls buyout
... Mr Geiger s investment Holding Company, L Occitane Groupe, owns more than 70% of the retailer...
Hunter Biden: The struggles and scandals of the US president's son
... Mixing family and businessAfter graduating from Yale Law School, Hunter worked at MBNA America, a bank Holding Company headquartered in Delaware and later acquired by Bank of America...
Silvio Berlusconi: Former Italian PM's eldest children get majority stake
...By Sofia BettizaBBC News, RomeIt s been the object of much speculation for weeks: who would lead Silvio Berlusconi s empire after his death? Now his will has been made public, it is clear he has handed a majority stake in the family s Holding Company Fininvest to his two eldest children, Marina and Pier Silvio...
Wagner's network in Africa faces uncertain future
... Meanwhile all their fighters in Africa are paid by a Prigozhin Holding Company, Lou Osborn from the All Eyes on Wagner Project, has told the BBC - an interesting point with regard to Mr Lavrov s recent assurances to the CAR and Mali...
Italy mourns and asks who will succeed Berlusconi
... All of them have stakes in Fininvest, his Holding Company...
Silvio Berlusconi obituary: Italy's flamboyant bounce-back politician
... By the end of the decade, he had created a Holding Company, Fininvest, to manage the rapid expansion of his business holdings...
PPE: Supplier of millions of 'not fit for use' gowns received £47m dividends
... In January 2022, Chemical Intelligence paid and two months later paid dividends of £40m into a Holding Company, wholly owned by Robert Gros...
Angry Birds: Sega agrees to buy video game maker Rovio
... Sega Sammy is a Japanese global Holding Company formed by the merger in 2004 of video game giant Sega and Sammy Corporation...
Angry Birds: Sega agrees to buy video game maker Rovio
By Peter HoskinsBusiness reporter
The maker of Angry Birds Video Games has agreed to be bought by the Japanese gaming giant behind the Sonic The Hedgehog character.
Japan's Sega Sammy Holdings is paying €706m (£625m) for Finland-based Rovio Entertainment .
Rovio has Said Angry Birds was The First mobile game to be downloaded one billion times, and the brand has also produced two Angry Birds movies.
However, Rovio has yet to produce a follow-up to match its success.
That had made it a potential Takeover Target for bigger gaming industry companies.
Last Year , The Company - which has about 550 employees across its eight game studios around The World - Said downloads across its stable of games had reached five billion.
Announcing The Deal , Sega Said its decision to buy Rovio had been driven by the need to " strengthen its position" in the global gaming market.
It Said this market is projected to grow to $263. 3bn by 2026, with the percentage of mobile gaming expected to increase to 56%.
" Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega's long-term goal to accelerate its expansion in this field, " Said Haruki Satomi, chief executive of Sega Sammy Holdings.
" I feel blessed to be able to announce such a transaction with Rovio, a Company that owns 'Angry Birds ', which is loved across The World , and home to many skilled employees that support The Company 's industry leading mobile game development and operating capabilities, " he added.
At The End of trading on Friday, Rovio had a stock market valuation of $707m (£571m).
Sega Sammy is a Japanese global Holding Company formed by The Merger in 2004 of video game giant Sega and Sammy Corporation .
Sega has produced several multi-million-selling video game franchises and is known globally for its Sonic The Hedgehog character, which has also produced two movies.
Sammy develops and sells amusement arcade machines.
Related TopicsSource of news: bbc.com
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