BREAKING NEWS: NTT reveals 2.37 tril. yen takeover bid to make NTT Data 100% unit

NTT to make NTT Data wholly owned with tender offer of $16bn

TOKYO -- Nippon Telegraph and Telephone announced on Thursday that it plans to turn NTT Data Group into a wholly owned subsidiary through a tender off

BREAKING NEWS: NTT reveals 2.37 tril. yen takeover bid to make NTT Data 100% unit

BREAKING NEWS: NTT reveals 2.37 tril. yen takeover bid to make NTT Data 100% unit ==KyodoRead full story here

NTT to Fully Acquire NTT Data Group for Over ¥2 Trillion, Seeks to Speed Merging of Telecommunications, IT Services

NTT Corp. plans to fully acquire its publicly listed subsidiary — information technology services provider NTT Data Group Corp. — in a transaction projected to surpass ¥2 trillion.

NTT generously models Japan’s next wave of buyouts

At over $16 bln, state-backed Nippon Telegraph and Telephone's offer for the 42% of information technology services firm NTT Data it doesn't already own carries a chunky premium. But it lays out a blueprint for the type of dealmaking officials want to see more of in Japan.

MADRID, 8 (EUROPA PRESS) Nippon Telegraph & Telephone (NTT), the largest Japanese telecommunications operator, has announced its intention to present a purchase offer of about 2.37 billion yen (14,580 million euros) to acquire the shares that it does not yet control in its subsidiary NTT Data, in which it has a stake of [...] La entrada The Japanese NTT launches an offer of 14,580 million to take 100% of its subsidiary NTT Data appears first in …

NTT strikes $16.5B deal for full control of NTT Data

NTT’s board approved a move to take full control of IT and business services provider NTT Data, with plans to spend JPY2.4 trillion ($16.5 billion) to acquire the 43.3 per cent interest it does not own to strengthen its AI and IT offering for enterprises. Japan’s largest telecoms provider has a near 58 per stake in NTT Data, which would become a wholly-owned subsidiary following the tender offer and be delisted from the Tokyo Stock Exchange. It …