Japan's Rakuten sells matchmaking unit O-net to Polaris Capital

Japan’s e-commerce giant Rakuten Inc has offloaded its entire stake in O-net, one of the country’s largest matchmaking services, to Japanese private equity firm Polaris Capital for an undisclosed amount.

In a disclosure, Rakuten said it has concluded a share transfer agreement with Polaris Capital for the latter’s acquisition of O-net, which was founded in 1980 as OMMG Inc and acquired by the e-commerce giant in 2007.

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