Animation studio DLE Inc. announced on Friday that Asahi Broadcasting Group Holdings has bought a majority of DLE’s shares for 2.772 billion yen (about US$25.21 million), and has made DLE a subsidiary.
After the buyout is settled on May 29, Asahi Broadcasting Group Holdings will hold 51.96% of the shares, with Shiiki owning 17.15% and Hasbro owning 1.70%.
Before the buyout, Shiiki held a 35.69% share of the company, with Hasbro, Inc. owning 3.54% in shares.
DLE also partnered with Chinese film company Shanghai Griffin Film Corporation in 2016 to produce new creative projects in both Japan’s and China’s animation industries.