A unit of Japanese telecom giant Nippon Telegraph & Telephone plans to acquire SBI Sumishin Net Bank in a deal valuing the ...

TOKYO] NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese ...

Through the alliance, the two sides hope to work together to merge the two worlds of telecommunications and finance.

SBI Sumishin shares were indicated 21% higher at their limit high of 3,985 yen, equivalent to $27.51, on Thursday in Tokyo. No shares changed hands as buy orders overwhelmed sell orders.

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