SoftBank and MUFG lead Japan's record global M&A spree

REUTERS/Issei Kato

Corporate Japan’s total number of overseas acquisitions surged nearly 30% in the first half of 2019, with tech conglomerate SoftBank Group doing much of the heavy lifting.

Japanese companies struck 434 foreign deals from January through June, including initial capital participation and investment increases, marking the fourth straight record-setting first half. Data compiled by M&A consultancy Recof shows there were 15 outbound deals valued at over 100 billion yen ($927 million), and SoftBank accounted for nine of them.

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