SBI Holdings announced plans to make livedoor a wholly owned subsidiary and acquire all of its shares from its parent company, MINKABU THE INFONOID, Inc., for approximately ¥7.5 billion.
SBI Holdings announced plans to make livedoor a wholly owned subsidiary. livedoor, the target company, is an internet-related company headquartered in Tokyo.
The total transaction value is approximately ¥7.5 billion, with the acquisition of all shares in livedoor from its parent company, MINKABU THE INFONOID, Inc., as a condition of the transaction.
The announcement was reported as information distributed on 17 September, and livedoor's management structure is expected to be reorganized under the SBI Group following its conversion into an SBI subsidiary.