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TECHNOLOGY
So-net announces takeover bid for Gamepot

TOKYO — Internet service provider So-net Entertainment Corp has announced a takeover bid for online game provider Gamepot Inc at 110,000 yen per share. To strengthen online gaming business, So-net, a Sony Corp affiliate holding a stake of 25.03% in Gamepot, aims to acquire the rest of outstanding Gamepot shares and all warrants for purchasing its shares.




The acquisition price is a premium of about 40.54% above the average close of Gamepot shares on the Sapporo Securities Exchange's Ambitious section for startups in the past three months, So-net said.


(JCN)


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