Friday 30 November 2018
Cheapest Sell-off in history
Imagine a good deal involving buying a video game studio which has a rich history spanning more than twenty years for ¥1. It would have been possible for anyone, including an indie game studio to purchase Jaleco Ltd from Emcom Holdings if they had even heard about such a sale with an extremely low selling price.
Unfortunately for Game Yarou, by acquiring Jaleco, they had also acquired ¥700000000 in debts as well, which may have possibly caused Game Yarou to file for bankruptcy in 2014, five years after purchasing Jaleco from Emcom Holdings. With Game Yarou's bankruptcy, Jaleco closed its doors for good after nearly forty years in the amusement and video game industry. As for Jaleco's intellectual properties, they ended up under the ownership of City Connection, an indie game studio named after one of Jaleco's games, which was probably founded by former Jaleco employees.
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