More than one year after tech firms Fujitsu and Panasonic announced plans to merge their system chip businesses, the deal is finally getting a boost through funding secured by the Japanese government.
The companies announced Wednesday that $195 million has been invested into the transaction by the state-owned Development Bank of Japan. That investment will be supplemented by a loan.
The funding gives the bank 40 percent of voting rights in the newly merged company. Fujitsu will similarly hold 40 percent, where Panasonic will hold the remaining 20 percent.
The deal, first announced in February of 2013, hit a snag over disagreements of how much DBJ should invest and how the newly merged company would proceed in the market.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI