U-NEXT Co., Ltd. completed the acquisition of Premium Platform Japan ,Inc from group of sellers.
March 30, 2023
Share
U-NEXT Co., Ltd. agreed to acquire Premium Platform Japan ,Inc from group of sellers on February 17, 2023. Merger will take effect on the condition that the Share Exchange takes effect will become a wholly-owned subsidiary. PPJ has net worth of JPY 6.066 billion, total asserts of JPY 7.599 billion, and operating loss of JPY 738 million. Post acquisition U-NEXT Co., Ltd. hold 97.31%, TBS Holdings Inc. 2.25% and Hakuhodo DY Media Partners Inc. 0.44%. The transaction is expected to close on March 31, 2023. DC Advisory Japan acted as a financial advisor to U-NEXT Co., Ltd.
U-NEXT Co., Ltd. completed the acquisition of Premium Platform Japan ,Inc from group of sellers effective March 31, 2023.
TV TOKYO Holdings Corporation is a holding company mainly engaged in the terrestrial broadcasting business, broadcasting peripheral business, broadcasting satellite (BS) broadcasting business, as well as Internet and mobile business. The Company operates in four business segments. The Terrestrial Broadcasting segment is engaged in the production and broadcasting of television (TV) programs, broadcasting of terrestrial television advertisements as well as broadcast program peripheral rights business. The Broadcasting Peripheral segment is involved in the planning, production, technology and relay of broadcast programs, as well as music-related business and mail order. The BS segment provides BS television advertisement and peripheral rights of BS broadcasting program. The Internet and Mobile segment engages in distribution and provision of video content for the Internet and mobile.