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DeNA to sell online shopping business to KDDI after business restructuring


Thursday, 6 Oct 2016 04:52am EDT 

DeNA Co Ltd <2432.T>: Says it plans to set up new unit to take over its business of DeNA Shopping and its controlling subsidiary's business of au shopping mall . Says the co and the subsidiary to hold 50 percent stake in the new unit respectively after the establishment . Says it will sell the entire stake in the new unit to KDDI Corp <9433.T> on Dec. 28, for 6.3 billion yen in total .Says the co and the subsidiary to get 3.15 billion yen respectively. 

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