Yahoo ZOZO Tender Offer Started from 30th of this month September 27th at 16:57
IT giant Yahoo has announced that it will begin a tender offer of TOB = shares to acquire ZOZO, which operates one of the largest fashion mail order sites in Japan.
According to the announcement, Yahoo will offer TOB = Tender Offer for ZOZO shares from 30th of this month to 13th of November.
It aims to acquire 50.1% of the total ZOZO share by investing more than 400 billion yen, and the ZOZO share will be maintained after the acquisition.
ZOZO also agrees with TOB, and the former president, Tomasaku Maezawa, who owns over 36% of the shares, will sell about 30% of the shares.
Yahoo has set the goal of aiming to be the top domestic in the online shopping field, but it is behind the competitors Rakuten and Amazon.
For this reason, we would like to expand our customers at once by taking over ZOZO with more than 8 million purchasers, mainly young people, and gain an advantage in competition with rivals.
On the other hand, ZOZO's former President Maezawa, who had been talking about SNS's proactive remarks, also attracted attention for the acquisition.