Production I.G. Acquires All of Comic Pub Mag Garden

Production I.G. is set to acquire comic publisher Mag Garden in full by December, VARIETY reports. The Japanese toon firm already owns 15% of the company and will acquire the remaining shares in a 2-to-1 stock exchange. After the acquisition, Mag Garden will be removed from the Tokyo Stock Exchange. Production I.G. hopes to use Mag Garden's manga properties as a source for animated productions.

Formed in June 2001, Mag Garden publishes four manga series via the Comic Blade name, in addition to more than 100 stand-alone paperbacks. The comic publisher is valued at 541 million yen ($4.4 million).

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