Bloomberg reports that Namco Bandai will own 51 per cent of the venture, with Sony holding a 49 per cent stake. Namco Bandai created the top two selling PS3 games in Japan last year, Ridge Racer 7 and Mobile Suit Gundham.
The news comes two months after Kutaragi was replaced as president of SCE by former president and CEO of SCEA Kaz Hirai.
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