Asatsu-DK settled on the price of the shares in an agreement with Japanese investment company Iwakaze Capital, which became the majority owner of Gonzo’s parent company GDH in 2008 and now owns about 80% stake in Gonzo.
It merged with Shinichiro Ishikawa’s Digimation company in 2000 and a new parent company, GDH (which stands for Gonzo Digimation Holdings), was formed.
Japanese advertising Agency Asatsu-DK announced on Thursday that it plans to purchase animation studio Gonzo with the goal of making it a consolidated subsidiary.
The total buyout will be approximately 6.2 billion yen (about US$59 million) if Asatsu-DK buys all the shares.