Correction: KDDI launches takeover bid for WebMoney
Posted: Tue Jul 01, 2025 9:26 am
The minimum number of shares to be purchased is 40,068, and if the number of shares applied for falls below this limit, the purchase will not be completed. On the other hand, there is no upper limit, and if the total number of shares applied for is equal to or exceeds the minimum, the purchase will be completed. KDDI says it would like to cooperate with au in the use of electronic money at au shops and in expanding into Asian markets.
WebMoney's parent company, Faith, approached several remove background image candidates about transferring its shares, which initiated a bidding process in which KDDI joined, leading to this current tender offer.
KDDI's financial advisor (FA) is Nomura Securities. WebMoney obtained a stock valuation report from Daiwa Securities Capital Markets and appointed TMI Associates as its legal advisor.
The purchase price represents a premium of 19.52% over the closing price on the 9th and a premium of 38.87% over the simple average of the past three months.
The transfer price of Faith's WebMoney shares is approximately 8.8 billion yen. Faith plans to improve its financial position and to strategically use the proceeds for upfront investment in content businesses and M&A.
WebMoney's parent company, Faith, approached several remove background image candidates about transferring its shares, which initiated a bidding process in which KDDI joined, leading to this current tender offer.
KDDI's financial advisor (FA) is Nomura Securities. WebMoney obtained a stock valuation report from Daiwa Securities Capital Markets and appointed TMI Associates as its legal advisor.
The purchase price represents a premium of 19.52% over the closing price on the 9th and a premium of 38.87% over the simple average of the past three months.
The transfer price of Faith's WebMoney shares is approximately 8.8 billion yen. Faith plans to improve its financial position and to strategically use the proceeds for upfront investment in content businesses and M&A.