Japan's KDDI mulls investing up to $900m in Kabu.com Securities

Japan's KDDI mulls investing up to $900m in Kabu.com Securities

Photo: Reuters

Japanese telco KDDI Corp is in talks to invest up to 100 billion yen ($913 million) in Kabu.com Securities, the Nikkei business daily reported on Thursday.

KDDI‘s possible investment in Kabu.com Securities, a subsidiary of Mitsubishi UFJ Financial Group (MUFG), would give it just under a 50 percent stake, the report said without citing sources.

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