U-NEXT to acquire a 70% stake in XING from Brother Industries for JPY17.5bn.

Synopsis

U-NEXT, a premium video-on-demand and mobile MVNO telecom service, agreed to acquire a 70% stake in XING, an entertainment and karaoke equipment manufacturer, from Brother Industries, a manufacturer of diverse electronics and equipment, for JPY17.5bn.

Principals

target

Xing

bidder

U-next Holdings Co

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Market Context