Mizuho Financial Group to buy 15% of Rakuten Card for $1 bln
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Mizuho Financial Group is acquiring a 15% stake in Rakuten Card, a subsidiary of Rakuten Group, for $1.06 billion. This move strengthens the strategic alliance between the two companies.
November 13, 2024 | 7:00 am
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Rakuten Group's subsidiary, Rakuten Card, will see a 15% stake acquired by Mizuho Financial Group for $1.06 billion, indicating a strengthened strategic alliance.
The acquisition of a significant stake in Rakuten Card by Mizuho Financial Group is likely to positively impact Rakuten Group's stock, as it indicates a strengthened strategic partnership and potential for future collaboration.
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IMPORTANCE 70
RELEVANCE 80