Sponsored By
Sega Chief Offsets Company Debt with Stock Gift
Sega President Isao Okawa has helped to ease some of his company’s financial pain by giving his entire stake in Sega back to the company as a gift.
1 Min Read
![](https://eu-images.contentstack.com/v3/assets/blt740a130ae3c5d529/bltba62518415cda0e2/652fe6ddbc479f8697ef691f/default-cubic.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
Okawa gave up his 12.5 percent stake in Sega, 19.87 million shares worth more than $280 million at the time of the transaction, on January 31. Okawa also gave up stakes in companies associated with Sega, including a 4.8 percent share of CSK Corp. and a three percent stake in Ascii Corp., for a total stock gift to Sega worth $566.3 million.
About the Author
Daily news, dev blogs, and stories from Game Developer straight to your inbox
You May Also Like