Jaleco quits gaming, purchased for 1 yen

Ludwig Kietzmann
L. Kietzmann|01.20.09

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Ludwig Kietzmann
January 20th, 2009
Jaleco quits gaming, purchased for 1 yen
Jaleco, best known for its Bases Loaded series of baseball games, has been sold by its owner, Jaleco Holdings, for 1 yen. Japanese online game company GAME YAROU has decided to become Jaleco's new holder, agreeing to take on an accompanying ¥700 million ($7.8 million) in outstanding loans.

According to Kotaku, Jaleco Holdings is bailing out of the games industry due to "increasing competition in recent years." As you all know, said competition went as far as to actually release games in recent years.
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