Sega will sell a controlling stake in its arcade business due to losses

Sega will sell a controlling stake in its arcade business due to losses

Japanese holding company Sega Sammy has announced the sale of 85.1% of Sega Entertainment’s arcade and games division. The majority of the business will be transferred to Genda.

The amount of the deal was not disclosed, but Sega said it is preparing to lose about $ 191 million amid such global changes. The company will continue to make and develop arcade games through a different division.

According to the company, the sale of shares is related to the current situation in the world. Sega Sammy wanted to adapt to the new conditions, but still it was decided to sell part of the business.

In August of this year, in Tokyo’s Akihabara quarter, after 17 years of operation, the arcade establishment closed.

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