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NTT plans to buy remaining shares of NTT Data for $16.4B, aiming to boost AI capabilities.
Nippon Telegraph and Telephone (NTT), Japan's largest telecom company, plans to buy the remaining shares of its subsidiary NTT Data for about $16.4 billion, making NTT Data a wholly-owned subsidiary.
The offer, priced at 4,000 yen per share, is a 34% premium over the previous day's closing price.
NTT currently owns 57.73% of NTT Data.
This move aims to strengthen NTT's AI capabilities and follows NTT Data's recent earnings growth in its overseas data-center business.
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NTT planea comprar las acciones restantes de NTT Data por $16.4B, con el objetivo de impulsar las capacidades de IA.