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GameWorks filed its first bankruptcy in 2004. On November 3, 2005, Sega Sammy Holdings , formed following the 2004 merger of Sega and Sammy , bought the controlling interests of GameWorks. GameWorks filed its second bankruptcy in 2010; as a result, Sega Entertainment USA, the parent company at that time, closed seven GameWorks venues on March ...
Sega Corporation [a] [b] is a Japanese multinational video game company and subsidiary of Sega Sammy Holdings headquartered in Shinagawa, Tokyo.It produces several multi-million-selling game franchises for arcades and consoles, including Sonic the Hedgehog, Angry Birds, Phantasy Star, Puyo Puyo, Super Monkey Ball, Total War, Virtua Fighter, Megami Tensei, Sakura Wars, Persona, and Yakuza.
Index Corporation Ltd. was founded on 1 September 1995 as a mobile content service provider. It adopted the name of Index by 1997 and expanded into one of Japan's most successful companies, with acquisitions into several communications and entertainment ventures, including the anime studio Madhouse, game companies Atlus and Interchannel, and major movie studio Nikkatsu.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
After falling share prices, and a failed share buy back scheme, it was found that the directors had used fraudulent accounting methods to push up the stock price. Rebranded MCI, it emerged from bankruptcy in 2004 and the assets were bought by Verizon. Parmalat: Italy: 24 Dec 2003: Food: The company's finance directors concealed large debts. MG ...
Sega Sammy Holdings Inc. [a] (also known as the Sega Sammy Group or simply as Sega Sammy) is a Japanese global holding company and conglomerate formed from the merger of Sega and Sammy Corporation in 2004. Both companies are involved in the amusement industry (Sega with arcade and home video games, Sammy with pachinko machines). [3]
As a result, many spring up and go out of business quickly. Some of the companies on this list have been purchased by larger companies, and their brand names and legacy games continue to be used, but the development and publishing operations of the original company itself no longer continue.
Separate investigations have been launched by "the New York County (Manhattan) District Attorney, the New York Attorney General, and the Westchester County District Attorney to determine if the ...