Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Japan's Rakuten to acquire Asahi Fire for 45 billion yen

FILE PHOTO: Pedestrians walk past a Rakuten Cafe at a shopping district in Tokyo August 4, 2014. REUTERS/Yuya Shino/File Photo

TOKYO (Reuters) - Japanese e-commerce company Rakuten Inc said on Monday it would acquire Asahi Fire & Marine Insurance Co Ltd for 45 billion yen ($413.6 million), its latest move to diversify beyond its online shopping site.

Rakuten said it would launch a tender offer and pay 2,664 yen per share of Asahi Fire, a property insurance firm owned by Nomura Holdings and its subsidiary. Nomura confirmed the tender offer in a separate statement.

(Reporting by Minami Funakoshi; Editing by Clarence Fernandez)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Rachel Zegler reflects on ‘confusing time’ during Snow White backlash
There was a backlash on social media after Zegler, who is from a Colombian background, was cast as the character, who is described as ‘white as snow’.
Evening Standard
Evening Standard
More Evidence Tom Brady And Alix Earle Are Still Hanging Out Amid Romance Rumors
This can't be a coincidence, right?
Cinemablend
Cinemablend
5 Racy Photos of Dakota Johnson as Actress Strips Down in Calvin Klein Ad
Take a look back on some of Dakota Johnson's most stunning photos from TV appearances and magazine covers.
International Business Times UK
International Business Times UK
Restaurant owner makes an influencer cry for asking to change her order. Years later, they slid into her dm begging for a collab: ‘No thank ew’
We’ve all heard the phrase “be careful who you’re mean to on the way up.” But one restaurant owner is currently learning that lesson in real-time.
The Mary Sue
The Mary Sue
Green Lantern Fans Are Trying To Retcon Ryan Reynolds Hate After HBO's Lanterns Trailer Backlash
Everything is cyclical.
Cinemablend
Cinemablend
Untold Truth Of Mary-Kate And Ashley Olsen’s Disappearance And The Explosive Rift That Surprised Fans
An insider shed light on the Olsen twins’ reason for staying away from Hollywood, and also from each other.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play