Kakaku.com and KDDI End Capital Alliance, Business Tie-Up to Continue

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Kakaku.com announced on the 28th that it will dissolve its capital alliance with KDDI. While the agreement concerning the acceptance of director candidates nominated by KDDI will lapse, the two companies have agreed to continue their business partnership, and KDDI will maintain its position as the second-largest shareholder, holding 17.70 percent of Kakaku.com's outstanding shares. The two companies concluded a capital alliance agreement in August 2018, and after repeated discussions over changes in capital structure, including the ongoing tender offer for Kakaku.com shares, and over future management policy, they agreed this time to a amicable dissolution. The outside director dispatched by KDDI has already retired upon the conclusion of the ordinary general meeting of shareholders held in June. Business cooperation will continue, including joint development and provision of new services and collaboration and coordination to promote the internet advertising and digital marketing businesses. Kakaku.com said the direct impact of the dissolution of the capital alliance on its consolidated results for the fiscal year ending March 2027 will be minor.

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Communication Services▲ · 1 stocks
Kakaku.com, Inc.
2371
± MixedCapitalrelevance

Kakaku.com dissolves its capital alliance with KDDI, though KDDI keeps its 17.70% stake and business partnership continues, with only minor impact on results.

Artificial Intelligence▲ · 1 stocks
KDDI Corporation
9433
± MixedCapitalrelevance

KDDI ends its capital alliance with Kakaku.com and lets its director nomination agreement lapse, but retains its 17.70% shareholding and continues business cooperation.