Oct 22, 2015

Western Digital to buy SanDisk for $19 billion

Western Digital Corp. agreed to buy SanDisk Corp. for about $19 billion (¥2.26 trillion), gaining access to a supply of semiconductors that are at the heart of a fast-growing type of computer storage. The drive maker will pay $86.50 a share for SanDisk, including ...

Sep 30, 2015

Mizuho Financial eyes stake in Matthews International Capital

Mizuho Financial Group Inc. said Wednesday it will take a roughly 16 percent stake in Matthews International Capital Management LLC, a U.S. fund management company with a focus on Asia, in a bid to improve the profitability of its asset management business. Mizuho Financial ...

Sep 9, 2015

Takeover of Amlin makes other Lloyd's insurers bid targets

Amlin PLC’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley PLC, Hiscox Ltd., Lancashire Holdings Ltd. and Novae Group PLC all rallied in London trading after ...

Sep 8, 2015

FamilyMart buys midsize convenience store chain Cocostore

Japan’s third-biggest convenience store operator FamilyMart Co. has agreed to buy smaller local rival Cocostore Corp. for around ¥13 billion as part of a major industry realignment in the face of a shrinking domestic market, the company announced Tuesday. The deal will put the ...

Aug 19, 2015

SoftBank beefs up Sprint stake with second purchase this month

SoftBank Group increased its stake in Sprint Corp. a second time this month, acquiring ¥7.51 billion($73 million) of stock in the unprofitable U.S. wireless operator. The Japanese carrier paid for 16.8 million shares, according to Bloomberg calculations based on a SoftBank filing with the ...

Jul 24, 2015

Long history of money-losers for Japan Inc.

Here we go again? Nikkei Inc.’s purchase of Pearson’s FT Group raises once more the question of whether Japanese companies pay too much for overseas acquisitions. Since the 1990s, Japanese acquirers have purchased a series of assets — from the Pebble Beach golf course ...

May 19, 2015

Nippon Life to buy insurance agencies operator

Nippon Life Insurance Co. plans to acquire an operator of independent insurance agencies to expand sales channels and better respond to customer demands, sources close to the matter said Tuesday. Nippon Life, one of the biggest Japanese life insurers, will buy a more than ...

Mar 26, 2015

Rakuten to buy Japan unit of U.S. currency trader FXCM

FXCM Inc., a major U.S. provider of online foreign exchange trading services announced Wednesday that it has agreed to sell its Japanese unit, FXCM Japan Securities Co., to Rakuten Securities Inc. for $62 million. The transaction is expected to close on Wednesday. It comes ...