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PayPay, subsidiary of LY Corporation, to acquire T&D Financial Life Insurance as subsidiary
LY Corporation <4689> announced after Thursday's close that its consolidated subsidiary PayPay will acquire a 70.2% stake in T&D Financial Life Insurance, a subsidiary of T&D Holdings, Inc. <8795>, bringing it under its umbrella.
By combining T&D Financial Life's customer base with PayPay's digital platform and marketing expertise, the companies aim to drive business growth. The acquisition price is expected to be 131.99 billion yen, with the share transfer scheduled for October 1.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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