MUFG Considers Bid for Japanese Robo Adviser WealthNavi [Yahoo! Finance Canada]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Yahoo! Finance Canada
(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. is considering a bid for Japanese robo-advisory firm WealthNavi Inc., as it looks to expand its financial-technology capabilities. Most Read from Bloomberg Japan's biggest bank will discuss the matter at a management meeting on Friday, it said in a statement, adding that no decision has been made. The Nikkei newspaper reported earlier that MUFG was planning to launch a tender offer. MUFG took a 15% stake in WealthNavi earlier this year. The Tokyo-based fintech company, which listed in 2020, has a market capitalization of ¥62.8 billion ($416 million). Separately, WealthNavi said it will discuss the matter at a board meeting on Friday. Founded by Chief Executive Officer Kazuhisa Shibayama in 2015, WealthNavi provides online wealth management services. Financial firms in Japan are seeking to get business from households that are looking to invest more of their savings as inflation emerges in Asia's second-biggest economy. Most
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MUFG
News
- MUFG and DWS Group Launch Private Financing Strategic Venture for Project and Infrastructure Asset InvestmentsPR Newswire
- MUFG Announces Executive Leadership Changes Within its Securities Business [Yahoo! Finance]Yahoo! Finance
- BOJ Weighs Case for First Triple Hike Since Japan's Bubble Burst [Yahoo! Finance]Yahoo! Finance
- Mitsubishi UFJ Plans WealthNavi Buyout to Expand FinTech Capabilities [Yahoo! Finance]Yahoo! Finance
- Nomura's Japan Corporate Bond Market Rank Slips After Probe [Yahoo! Finance Canada]Yahoo! Finance Canada
MUFG
Earnings
- 8/2/24 - Beat
MUFG
Sec Filings
- 12/2/24 - Form 6-K
- 12/2/24 - Form 6-K
- 11/29/24 - Form 6-K
- MUFG's page on the SEC website