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New Deal


Announced

Google to acquire Pring from Mizuho Bank for $270m.

Financials

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Transaction Value£195m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Private

Single Bidder

Acquisition

Payments / Commerce

e-payment

Japan

Friendly

Pending

Cross Border

Synopsis

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Google, a technology company, agreed to acquire Pring, a smartphone payment startup, from Mizuho Bank, a global bank with one of the largest customer bases in Japan, for $270m. Once the Pring acquisition is complete, the US-based titan will be able to offer fintech services such as payments and transfers across Japan by 2022.

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