Nintendo founder’s family office joins race to take over software firm Japan Systems

Nintendo founder’s family office joins race to take over software firm Japan Systems

REUTERS/Issei Kato

The family office of the Nintendo Co. founder is backing plans by senior executives at Japan Systems Co. to take the software company private, countering a takeover offer from a Hong Kong-based investment firm, according to people with knowledge of the matter.

The Yamauchi No. 10 Family Office, which manages more than 100 billion yen ($972 million) in assets, plans to spend billions of yen to support the management buyout, which could be valued at as much as 15 billion yen if bank loans are included, the people said, declining to be identified because the matter is private.

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