Konami Shares Drop After Ending Soccer Partnership With UEFA
This article is for subscribers only.
Konami Holdings Corp. fell the most in almost a month after announcing it was ending a soccer licensing partnership with the Union of European Football Associations (UEFA).
The 10-year agreement for its Pro Evolution Soccer series (known as Winning Eleven in Japan) will end after next month’s final in Ukraine, according to a statement on UEFA’s website. Both parties are ending the partnership on good terms and their relationship “remains strong,” they said. After Bloomberg first reported the split, Konami’s stock fell 5.1 percent, the biggest decline since March 23.