SBI Holdings to make Livedoor a wholly owned subsidiary for about 7.5 billion yen

M&A · Partnership
โดย 時事通信·JP·Read original
Summary · why it matters

SBI Holdings announced on the 17th that it will make internet-related company Livedoor a wholly owned subsidiary. It will acquire all of Livedoor's shares from parent company Minkabu The Infonoid for about 7.5 billion yen. SBI Chairman and President Yoshitaka Kitao and Takafumi Horie, who led Livedoor, once clashed in the battle for Nippon Broadcasting System shares, so the two have now come together as a group, transcending their past feud. SBI will strengthen its media business by leveraging Livedoor's assets, including its news sites in Japan and overseas. Minkabu will also form a capital alliance with NTT Data, and the three companies including SBI will consider new services in the financial sector, aiming to become a financial information platformer originating in Japan.

Impact on stocks 3

Digital Finance & Tokenization · 1 stocks
SBI Holdings Incorporated
8473
▲ PositiveCapitalrelevance

SBI acquires all Livedoor shares for ~7.5 billion yen to make it a wholly owned subsidiary and strengthen its media business.

Communication Services · 1 stocks
MINKABU THE INFONOID, Inc.
4436
▲ PositiveCapitalrelevance

Minkabu sells Livedoor to SBI for ~7.5 billion yen and forms a capital alliance with NTT Data, a financial/M&A event.

Cloud & Digital Infrastructure · 1 stocks
NTT Inc
9432
▲ PositiveCapitalrelevance

NTT Data forms a capital alliance with Minkabu, with the three companies to consider new financial-sector services.

Off-coverage companies 1

LivedoorPrivate▲ Positive
Capitalrelevance

Livedoor becomes a wholly owned SBI subsidiary, with its news sites to be leveraged for SBI's media business.