Rakuten Group, Inc. announced a private placement of 78,799,000 common shares at a price of ¥566 per share for the gross proceeds of ¥44,600,234,000 on May 16, 2023. The transaction will include participation from returnng investors Mikitani Kosan, Inc., Spirit Inc. and new investors CyberAgent, Inc. and Tokyu Corporation. Mikitani Kosan and Spirit are scheduled to subscribe to 26,501,700 shares respectively, CyberAgent, Inc. is scheduled to subscribe to 17,667,800 shares, and Tokyu Corporation is scheduled to subscribe to 3,533,500 shares.

The transaction has been approved by the shareholders of the company. The transaction is expected to close on May 31, 2023.