Fuji Media Holdings, Inc. and SBI Holdings, Inc. announced that they had formed a capital and business alliance in the media sector and would establish a joint venture to operate live and event businesses.
Fuji Media Holdings, Inc. and SBI Holdings, Inc. announced that they had formed a capital and business alliance in the media sector. The two companies plan to make a joint investment and pursue their businesses under a new investment structure.
By establishing a joint venture, the companies aim to expand into areas including the live event business. The article does not mention specific business areas or details of the investment ratio, but reports that the companies intend to focus on live and event businesses related to the media sector.
A press conference was held in Tokyo, where the companies reportedly explained their future cooperation framework and the schedule for establishing the new company.