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Japan Post to Take 8% Stake in Rakuten, Sending Shares Higher


Rakuten to Raise $2.2 Billion as Japan Post, Tencent Invest
Bloomberg
3/12/2021
Pavel Alpeyev
© Bloomberg
The Rakuten Inc. logo is displayed behind a counter inside the company s cafe in Tokyo, Japan, on Monday, Jan. 28, 2019. Rakuten s chief executive officer Hiroshi Mikitani says the company is aiming to lower prices in Japan s wireless market.
(Bloomberg) Rakuten Inc. plans to raise 242 billion yen ($2.2 billion) by selling shares to investors including Tencent Holdings Ltd., Walmart Inc. and Japan Post Holdings Co., bankrolling expansions into AI, finance and mobile.
Japan Post will buy a stake of 8.32% via new and existing shares in Rakuten while China’s social media leader and the U.S. retail giant will take smaller slices, a filing showed Friday. Shares of Rakuten and Japan Post surged as the agreement builds on an existing alliance on logistics forged by the two last year. ....

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Rakuten to Raise $2.2 Billion as Japan Post, Tencent Buy Stakes


Rakuten to Raise $2.2 Billion as Japan Post, Tencent Invest
Bloomberg
3/12/2021
Pavel Alpeyev
© Bloomberg
The Rakuten Inc. logo is displayed behind a counter inside the company s cafe in Tokyo, Japan, on Monday, Jan. 28, 2019. Rakuten s chief executive officer Hiroshi Mikitani says the company is aiming to lower prices in Japan s wireless market.
(Bloomberg) Rakuten Inc. plans to raise 242 billion yen ($2.2 billion) by selling shares to investors including Tencent Holdings Ltd., Walmart Inc. and Japan Post Holdings Co., bankrolling expansions into AI, finance and mobile.
Japan Post will buy a stake of 8.32% via new and existing shares in Rakuten while China’s social media leader and the U.S. retail giant will take smaller slices, a filing showed Friday. Shares of Rakuten and Japan Post surged as the agreement builds on an existing alliance on logistics forged by the two last year. ....

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