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Cacco hits daily limit up on announcement of AI system development company acquisition
Cacco Inc. <4166> surged to its daily limit-up ceiling following the market close on May 27, after announcing it will acquire Tokyo-based AI system developer Anycloud to make it a wholly owned subsidiary. The transaction is valued at 247 million yen, with the share transfer scheduled to close on June 17. CACCO aims to generate synergies by combining its long-cultivated expertise in fraud detection and data science with Anycloud's AI development capabilities.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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