Jaleco is sold for... are you serious? .......1 yen

[Josh]

Jaleco published a bunch of Famicom games, so I thought this would be relevant:

http://www.joystiq.com/2009/01/20/jaleco-quits-gaming-purchased-for-1-yen/

Yeah, that's pretty massive fail.

[UglyJoe]

Not quite:

http://kotaku.com/5135110/jaleco-holdings-is-leaving-the-video-game-business

Jaleco has been struggling for the past decade, and Jaleco Holdings was created in 2006 with Jaleco spun off into a separate entity. GAME YAROU purchased Jaleco for ¥1 (US$0.01) -- but agreed to shoulder ¥700,000,000 ($7.736 million) of Jaleco Holding's ¥16,000,000,000 ($17.68 million) loan.

They sold their gaming division in order to help pay off their loan and keep the rest of their company in business.

[NintendoKing]

I loved Jaleco games, they were great. Its sad that they had 7.8 Million dollars of debt.

[PatMan33]

Yes, that is one of the things that many people tend to overlook. Midway went for about $100,000 recently and there were people making remarks about the price. What they overlooked was that along with the name, that $100,000 also netted you $70,000,000 in debt!

Hooray!

[FamicomFreak]

Ouch so sad to see that happened. Jaleco did some great games. Best of luck to the new holders!

[Josh]

Yeah I know it was just all about the debt, but the headline (and only looking at the sale at face value) is pretty hilarious. 

[Walky]

So sad... Young Indiana Jones Chronicles is an awesome game, and one of the three I had when I was a kid (luckily I got another one eventually  )

[Jedi Master Baiter]

Last Ninja - funny, but playable, game

Oh yeah, Hoops Playing as a big guy getting pushed by a little twirt.

[manuel]

What's nice with most Jaleco Famicom games is that they have info on how to play on the back of the carts. That's one smart idea I think.

[nintendodork]

Jaleco made that Mighty Beanz GBA puzzle game...

Sucky game, but the Beanz are selling for $20