On August 27, 2004, Rakuten, Inc. announced that the company had entered into a letter of intent to acquire 100% of common shares of Aozora Card, Co. Ltd. Today, Rakuten and the selling shareholders have concluded the terms of the agreement. Closing of the transaction is scheduled on September 22, 2004. Final transaction value is 7.4 billion yen. (For full release, please refer to Japanese IR release.)
September 16, 2004
Transaction Closing: Aozora Card, Co. Ltd.
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