The leading equity investment company KKR & Co. Inc. and e commerce firm Rakuten, Inc., announced to purchase a majority stake in Seiyu GK, from global retail company Walmart Inc for approximately $1.6 billion. The deal helps in digital transformation of Japanese Retail.
- Under the terms of the agreements, KKR will acquire a 65% stake in Seiyu, and Rakuten will acquire a 20% stake, through a newly created subsidiary focused on retailer digital transformation.
- Walmart will retain a 15% stake in Seiyu. The new ownership structure enables Seiyu to take advantage of KKR, Rakuten and Walmarts combined retail expertise and innovation as a standalone company and accelerate its digital transformation to further benefit both Seiyus customers and business partners.
In May 2020, Rakuten, Inc., announced to acquire Virginia based Innoeye (Innoeye, LLC and Innoeye Technologies Pvt. Ltd.), an engineering technology solutions company. Innoeye will be acquired by Rakuten Mobile, Inc., a group company of Rakuten, Inc.
Rakuten Mobile has already deployed Innoeyes converged OSS, an end-to-end platform process automation solution, to support the 4G/5G cloud platform for its network launch in Japan.
Rakuten Communications Platform combines the technology blueprint and expert playbook of the worlds first cloud native mobile network of Rakuten Mobile and its world-class partners to offer telecom companies and enterprises a way to easily build and deploy fully cloud native network services at speed and low-cost.
In March 2020, Rakuten and Vodafone had become the lead investors in a venture to extend mobile coverage to more people and devices across the planet, using the first mobile broadband network that will be broadcast from space.
Rakuten, Inc., headquartered in Setagaya City, Tokyo, Japan, is one of the leading ecommerce company. The company has third largest ecommerce marketplace globally. The company offers a range of services in e-commerce, fintech, digital content and communications to many users all over the world.