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Short Take: Softbank, Microsoft to end software venture

Softbank and Microsoft plan to dissolve their Tokyo-based computer game software joint venture, Japanese business and financial newspaper Nihon Keizai Shimbun reported today. Capitalized at $3.6 million, the joint company was formed in 1995 to develop and market game software for personal computers. The venture, 60 percent owned by Softbank and 40 percent owned by Microsoft, has been struggling due to weak Asian demand

Softbank and Microsoft plan to dissolve their Tokyo-based computer game software joint venture, Japanese business and financial newspaper Nihon Keizai Shimbun reported today. Capitalized at $3.6 million, the joint company was formed in 1995 to develop and market game software for personal computers. The venture, 60 percent owned by Softbank and 40 percent owned by Microsoft, has been struggling due to weak Asian demand