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U-NEXT advances on acquisition of animation studio
U-NEXT HOLDINGS Co.,Ltd. <9418> shares traded firmly on Tuesday following a post-market announcement on Monday that it will acquire a 100% stake in Osaka-based animation production company GoHands to make it a wholly owned subsidiary. The acquisition is expected to generate synergies as U-NEXT HOLDINGS seeks to strengthen its revenue structure through intellectual property (IP)-related businesses. The share transfer is scheduled for June 1, fueling positive market expectations for future growth.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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