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Sega Chief Offsets Company Debt with Stock Gift

Sega President Isao Okawa has helped to ease some of his company’s financial pain by giving his entire stake in Sega back to the company as a gift.

Game Developer, Staff

February 7, 2001

1 Min Read

Okawa gave up his 12.5 percent stake in Sega, 19.87 million shares worth more than $280 million at the time of the transaction, on January 31. Okawa also gave up stakes in companies associated with Sega, including a 4.8 percent share of CSK Corp. and a three percent stake in Ascii Corp., for a total stock gift to Sega worth $566.3 million.

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