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NTT launches $16.5 billion buyout of AI arm
Business Standard
|May 09, 2025
Nippon Telegraph and Telephone Corp. plans to take over NTT Data Group Corp in a deal worth 2.37 trillion yen ($16.5 billion), broadening its AI ambitions while heeding regulators' calls for Japanese conglomerates to streamline unwieldy structures.
The country's biggest telecom operator is offering 4,000 yen per share for all the stock it doesn't own in NTT Data — a 34 per cent premium to its previous close. The tender will take place from May 9 to June 19, with NTT Data to delist thereafter if the deal goes ahead. Its shares surged their daily lim
यह कहानी Business Standard के May 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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