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Panasonic Corp's Subsidiary Enters into Capital Alliance with Nintendo Co Ltd - MSN Sankei

Thursday, 26 Sep 2013 03:50am EDT 

MSN Sankei reported that PUX Corporation, a 78%-owned subsidiary of Panasonic Corp, has entered into a capital alliance with Nintendo Co Ltd, to co-develop new game operation method. Panasonic Corp has transferred a 27% stake in the 78%-owned subsidiary to Nintendo Co Ltd on September 20, 2013, for approximately JPY 35 million.