Japanese Firm In Takeover Bid For Buongiorno

JAPANESE FIRM IN TAKEOVER BID FOR BUONGIORNO

14th May, 2012 at 06:44:02
Source: http://www.azonlinecasinos.com

Winga parent company shareholder sells out

Buongiorno S.p.A., the parent company of Italian and French internet gaming brand Winga, is the target of a takeover bid by Japanese mobile services firm NTT Docomo Inc. via its German subsidiary Docomo Deutschland GmbH.

Mauro Del Rio, the owner of approximately 20% of Buorngiorno's stock, has entered into an irrevocable undertaking with Docomo to tender all of his shares for the offer.

A Docomo company statement said the acquisition will combine its innovative mobile business and services know-how in Japan and other countries with Buongiorno's advanced mobile technologies and extensive global customer base. As part of expanding the businesses of both companies, DOCOMO expects to strengthen the foundation of its mobile platform businesses overseas.

The tender offer will officially start once approval has been received from CONSOB, the Italian securities regulatory authority and is expected to yield a maximum payment of Euro 224 million or Euro 2 per share dependent on exchange rate conditions.

Buongiorno would operate as a Docomo subsidiary in the event of a successful takeover.

Related News Tags: ,



« News index »



INSPIRED DETAILS MULTIPLE DEALS AND PROGRESS

22nd March, 2017 at 20:12:25
Plenty of action at virtual sports provider.

INDONESIAN ONLINE GAMBLING BUST

21st March, 2017 at 14:44:19
Nets three suspects.

ENERGYCASINO TAKE ON LIVE DEALER SOLUTION FROM EVOLUTION GAMING

20th March, 2017 at 15:15:56
Expanded live casino offer for UK market.

SECOND GERMAN STATE TREATY ON GAMBLING APPROVED BY BUNDESTAG

17th March, 2017 at 14:21:15
Lower house rejects European Commission opinion that latest gambling reform proposals are not viable.

MEDIALIVE SHOWING OFF VIRTUAL REALITY GAMBLING PRODUCTS AT ITALIAN EXPO

16th March, 2017 at 16:15:59
Live roulette attracting a lot of interest, media reports indicate.