TOKYO —

Online shopping mall operator Rakuten Inc aims to take a majority stake in eBank eventually, Rakuten President Hiroshi Mikitani said. For a stronger business alliance, Rakuten hopes to deepen its ties with the Internet-only bank, Mikitani told a news conference to announce the firm’s first-half earnings.

Under a deal announced earlier this week, Rakuten agreed to pay 20 billion yen for a stake of about 30% in eBank.

Rakuten hopes to raise the stake to over 50% to beef up the alliance, particularly in financial settlement services for Rakuten’s shopping mall users.

JCN

1 Comments

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  buggerlugs at 11:26 PM JST - 11th August

  I would advise Rakuten to check their purchases books and dealings very carefully, so nothing comes back to bite them inthe future...

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