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SOCIALWIRE rises on plan to acquire SEIRYO, operator of short-form video advertising business
SOCIALWIRE CO.,LTD. <3929> extended its gains. The company announced after the market close on May 29 that it will acquire Tokyo-based SEIRYO, an advertising management support firm specializing in short-form video platforms centered on TikTok, on June 12, triggering buying.
Through the acquisition, the company aims to strengthen its advertising operations on short-form video platforms and its performance-based social media advertising business, while driving cross-selling and up-selling by leveraging both companies' customer bases to achieve sustainable profit growth. The acquisition price is 376 million yen. The impact on earnings for the fiscal year ending March 2027 is currently under review.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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