TV Asahi Holdings Corporation [9409.T]
TOKYO, May 27 (Pulse News Wire) – TV Asahi Holdings Corporation (9409.T) announced today that its subsidiary, TV Asahi Corporation, resolved to acquire additional shares of New Japan Pro-Wrestling Co., making it a consolidated subsidiary. The decision was made during a board meeting held.
New Japan Pro-Wrestling, known for its top-tier performance in planning and operating wrestling events domestically and internationally, aligns well with TV Asahi's strategic investment plan aimed at fostering innovative growth over the next four years. The move is expected to enhance the companies' joint efforts in developing and expanding their global presence through content and intellectual property.
Key details of the acquisition include: - Number of shares acquired: 6,950,200 - Acquisition price: Approximately ¥1.216 billion - Post-acquisition shareholding ratio: 46.3% This transaction is anticipated to have a minor impact on TV Asahi Holdings' consolidated financial results. The shares are scheduled to be transferred on December 31, 2025.
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