Toy maker Takara Co. has purchased an 88 percent stake in Tatsunoko Productions, a pioneering animation studios known for such classic works as “Speed Racer” and “Gatchaman,” industry sources said Saturday.

Takara, set to merge next year with Tomy Co., another toy maker, is believed to have paid more than 1 billion yen to acquire the equity stake from Tatsunoko’s founding family, the sources said, adding the transaction took place Thursday.

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