The capital alliance between Kakaku.com and KDDI has been dissolved, while KDDI will continue to hold shares in Kakaku.com. The business alliance, however, is expected to continue.
At their board meetings held on the 28th, Kakaku.com and KDDI resolved to dissolve the capital alliance agreement they had entered into. The dissolution of the capital alliance includes ending agreements such as the acceptance of director candidates nominated by KDDI.
Despite the dissolution of the capital alliance, KDDI has indicated that it intends to continue holding shares in Kakaku.com, while Kakaku.com will no longer retain its status as an affiliated company.
The business alliance itself is scheduled to continue, and the companies are expected to maintain their cooperative relationship.
The article is available to members only, and further information is awaited on the details of the resolution passed on the 28th and the specific areas of future cooperation.