Konami is in the process of making Hudson a wholly-owned subsidiary through a stock swap. The Metal Gear Solid and Castlevania publisher currently owns a little over 50 percent of the company Bomberman built. Hudson's stock will be delisted and its CEO replaced at the end of Konami's fiscal year on March 31.

Konami reportedly wants to absorb Hudson's know-how in the mobile space and its IP. There's also the expectation of name changes and a likelihood of redundancies as the business operations are combined.

This article was originally published on Joystiq.

The worst version of Virtua Fighter 2 now on iPhone