TOKYO, May 21 (Pulse News Wire) – SBI Holdings,inc. (8473.T) completed the basic agreement for the acquisition of Star Music Entertainment, making it a subsidiary.
The deal was signed with Ridge-i on May 18, subject to approval at Ridge-i’s shareholders’ meeting scheduled for July 15. Under the agreement, SBI Holdings will acquire 710,000 shares of Star Music Entertainment, representing a voting rights stake of 66.98%. The transaction value is ¥921 million, bringing SBI's total voting rights to 710,000 shares post-acquisition, up from 0 previously.
Key milestones include the initial basic agreement signing on March 30, followed by the contract signing on May 18. The share transfer is expected to take place on July 16. Looking ahead, SBI Holdings anticipates Star Music Entertainment becoming a fully integrated subsidiary.
The impact on SBI’s fiscal 2027 consolidated results is expected to be minor.
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