Japan’s NTT Unit Plans to Acquire Major Online Bank in Deal Valued at $5.1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2025
0mins
Should l Buy ?
Source: WSJ
Acquisition Announcement: NTT Docomo, a unit of Nippon Telegraph & Telephone, plans to acquire SBI Sumishin Net Bank for $5.1 billion to enhance its financial services sector.
Tender Offer Details: The mobile-carrier unit will initiate a tender offer to buy shares of SBI Sumishin and subsequently take the bank private.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
