US EditionJapan's NTT Unit to Acquire SBI Sumishin Net Bank in USD 5.1 Billion Deal
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NTT's Mobile Arm Set to Acquire SBI Sumishin Net Bank in US$5.1 Billion Deal - Fintech Hong Kong
NTT Docomo, the mobile arm of Nippon Telegraph and Telephone (NTT), has announced plans to acquire online bank SBI Sumishin Net Bank in a landmark deal valued at approximately US$5.1 billion. NTT Docomo shared that it will initiate a tender offer for SBI Sumishin shares to take the online bank private for the planned NTT Docomo SBI Sumishin acquisition, the Wall Street Journal reported. NTT Docomo, along with SoftBank Corp. and KDDI, has been ra…
Docomo finally gets a bank. On May 29, 2025, NTT Docomo announced the acquisition of Sumishin SBI Net Bank. The tender offer price is 4,900 yen per share, and the total amount is expected to be up to approximately 233.6 billion yen. However, the 34.19% held by SBI Holdings will be sold separately...
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