Kakaku.com, Inc. agreed to acquire 70.3% stake in Pathee Inc. from Digital Holdings, Inc., Mitsui & Co., Ltd., Japan Ventures I L.P., managed by FIL Capital Management Limited and others for Ã515 million.
September 20, 2022
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Kakaku.com, Inc. (TSE:2371) agreed to acquire 70.3% stake in Pathee Inc. from Digital Holdings, Inc. (TSE:2389), Mitsui & Co., Ltd. (TSE:8031), Japan Ventures I L.P., managed by FIL Capital Management Limited and others for Ã515 million on September 21, 2022. For the year ended December 31, 2022, Pathee Inc reported Net assets of Ã-99 million, Total assets of Ã105 million, Revenue of Ã53 million, Operating income of Ã-183 million, and Net income of Ã-184 million. The acquisition is expected to close on October 3, 2022.
Digital Holdings Inc, formerly OPT Holding Inc is a Japan-based company principally engaged in the Internet advertising business. The Company operates in two business segments. The Marketing segment provides Internet advertising for large companies, digital marketing, related services, and digital marketing solutions for local small and medium enterprises. The Synergy Investment segment is involved in the investment in Internet-related venture companies, the information collecting in the United States, the development of artificial intelligence (AI) and AI platforms, the provision of digital shift support education services for companies, and the general trade operated in China.
Kakaku.com, Inc. agreed to acquire 70.3% stake in Pathee Inc. from Digital Holdings, Inc., Mitsui & Co., Ltd., Japan Ventures I L.P., managed by FIL Capital Management Limited and others for Ñ515 million.