Rakuten, Inc. (Chairman and CEO: Hiroshi Mikitani, hereinafter “the Company”) announces that today it has concluded a share transfer agreement (hereinafter the “Agreement”) with Polaris Capital Group Co., Ltd. (President and CEO: Yuji Kimura, hereinafter the “Polaris”) under which all shares of O-net, Inc. (hereinafter “O-net”) held by Rakuten, Inc. will be transferred to a new company which will be established by Polaris.
１．Purpose and background of the Agreement
Since its establishment in 1980, O-net has provided a matchmaking service for marriage for its members for over 38 years. In December 2007, O-net became a subsidiary of Rakuten Group and has continued to show sustainable, stable growth. However, in order to optimize management resources, the Company has made the decision to transfer its shares of O-net.
After the share transfer, O-net will continue to provide its users with a safe and secure matchmaking service.