GungHo Online Entertainment---surges for a second straight session, with its capital and business alliance with SME seen as a positive catalyst

The story

GungHo Online Entertainment's share price rose sharply. The company has announced a capital and business alliance with SME (Sony Music Entertainment), drawing attention to potential future cooperation.

SME will acquire all shares held by SON Financial合同会社 through an off-auction purchase and become GungHo's largest shareholder. The acquired stake is reportedly equivalent to 23.29% at present.

The alliance reportedly includes consideration of the joint development and operation of GungHo games, the promotion of collaboration projects, and the planning of new games using intellectual property from the SME Group.

At a glance

TargetsSME will participate as the counterparty to the capital and business alliance

ScaleSME acquires all shares of SON Financial合同会社, becoming GungHo's largest shareholder with a 23.29% stake

NatureConsideration of joint development and operation, along with new project planning including the use of intellectual property, is planned

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