KDDI will pay 559 yen per Kabu.com share, a 4.68 percent premium over Friday’s closing price, for a minority stake in the online brokerage.
KDDI’s possible investment in Kabu.com Securities, a subsidiary of MUFG, would give it just under a 50% stake.
A delisting in favour of an overseas bourse would be a rare move by a Japanese company.
The deal allows Renesas to bring on board IDT’s know-how in chips for wireless networks and data storage which are crucial for self-driving cars.
The company said it plans to spend the bulk of the money raised on promotion of “LINEPay” and other new financial services by end-2021.
The move is seen as the latest overseas expansion attempt for a Japanese insurer grappling with a shrinking domestic market.
Akij holds a one-fifth share of Bangladesh’s cigarette market.
Long known as a “monozukuri” – or manufacturing – powerhouse, Japan is in danger of getting left behind as artificial intelligence, robotics, and machine learning sweep through industries from cars to banking
Japan Display will turn to investment from domestic and overseas funds for now to shore up its finances.
The deal had been expected after reports last year that the companies were in talks.