SBI to Make Livedoor a Wholly Owned Subsidiary for About 7.5 Billion Yen

Jiji Press··JP·Read original
2▲3 ▼0Impact / 5
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 control of 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 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 assets 3

Communication Services▲
MINKABU THE INFONOID, Inc.
4436
▲ PositiveCapitalrelevance

Minkabu sells Livedoor to SBI for about 7.5 billion yen and forms a capital alliance with NTT Data.

Digital Finance & Tokenization▲
SBI Holdings Incorporated
8473
▲ PositiveCapitalrelevance

SBI acquires Livedoor as a wholly owned subsidiary for about 7.5 billion yen to strengthen its media business.

Cloud & Digital Infrastructure▲
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

Livedoori
Private▲ PositiveCapitalrelevance

Livedoor is being made a wholly owned subsidiary of SBI, bringing it into the SBI group.