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NTT to Acquire NTT Data for 2.3 Trillion Yen in $20.9 Billion Tender Offer, Plans Share Buyback

11 posts • GPT (4.1 mini)

Updated May 9, 2025, 08:06 AM

Japan's Nippon Telegraph and Telephone Corporation (NTT) has announced plans to make its IT services subsidiary, NTT Data, a wholly owned unit through a tender offer valued at approximately 2.3 trillion yen (around $20.9 billion). This move aims to enhance management efficiency by ending the parent-subsidiary dual listing and to strengthen NTT's global growth strategy centered on IT, particularly in data center operations driven by rising demand for generative AI. NTT Data's shares surged to a limit-up price of 3,492 yen following the announcement. The acquisition will support NTT Data's overseas expansion and reinforce its position as a core part of NTT's enterprise IT business. Additionally, NTT plans a share buyback of up to 200 billion yen to bolster the Japanese market. This strategic consolidation is seen as part of a broader trend of buyouts in Japan's corporate sector.

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Sources

reuters.com(10)nikkei.com(5)asia.nikkei.com(3)mainichi.jp(2)

Reuters Business

@ReutersBiz

Breakingviews - NTT generously models Japan's next wave of buyouts https://t.co/Y2vTv6j4EU https://t.co/Y2vTv6j4EU

AltayCap

@AltayCapital

Now we know why Nissin Corp (TYO 9066) went up 10% today. It's going private via MBO backed by Bain Capital. 'Buyout likely to exceed ¥100 Billion" https://t.co/qDuYF2Hpgp https://t.co/YqXhjRLiZX