IG Port
Encyclopedia
is a Japanese holding company
that was established on December 1, 2007 as a result from a merger
between the holding companies of Japanese anime studio Production I.G and manga publisher Mag Garden
.
The announcement of the merger between Production I.G and Mag Garden was on July 4, 2007. Specifically, the original company, Production I.G, was transformed into a holding company a month before the merger. Along with a name change, it transferred most of its former duties and management to a new developed subsidiary that is ironically called Production I.G. After the merger with Mag Garden by stock exchange a month later, IG Port (the "old" I.G and Mag holding companies) now fully owns the "new" Production I.G, Xebec, and Mag Garden as its subsidiaries.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
that was established on December 1, 2007 as a result from a merger
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
between the holding companies of Japanese anime studio Production I.G and manga publisher Mag Garden
Mag Garden
is a Japanese publishing company that focuses on manga-related publications and is also involved in the development of anime and live-action adaptations. It was founded on June 5, 2001 by Yoshihiro Hosaka along with former manga artists of Enix...
.
The announcement of the merger between Production I.G and Mag Garden was on July 4, 2007. Specifically, the original company, Production I.G, was transformed into a holding company a month before the merger. Along with a name change, it transferred most of its former duties and management to a new developed subsidiary that is ironically called Production I.G. After the merger with Mag Garden by stock exchange a month later, IG Port (the "old" I.G and Mag holding companies) now fully owns the "new" Production I.G, Xebec, and Mag Garden as its subsidiaries.