Mitsubishi UFJ to Acquire Robo-Adviser WealthNavi
Tokyo, Nov. 29 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. plans to acquire Japanese robo-advisory firm WealthNavi Inc. to reinforce its asset management services targeting individual customers, people familiar with the matter said Friday.
MUFG Bank, a unit of Mitsubishi UFJ Financial, plans to take full control of WealthNavi through a tender offer. The bank acquired a stake of over 15 pct in WealthNavi in March.
(2024/11/29-12:02)
To read a full story, please click here to find out how to subscribe.
BUSINESS
- 12/09 15:39 Mizuho to Raise Long-Term Prime to 15-Year High
- 12/07 21:37 HondaJet Flies with Shareholders Aboard
- 12/06 21:51 Ito-Yokado to Reduce Regular Employees by 1,000
- 12/06 20:30 JR East to Raise Fares by 7 Pct in March 2026
- 12/06 16:28 Takeda Pharmaceutical to Sell Generic JV
- 12/06 16:20 Starbucks Coffee Japan to Switch to Biomass Plastic Straws
- 12/04 23:03 Japan Electronics Firms Rethink Uniform Starting Salaries
- 12/04 22:05 Nankai to Acquire Operator of Osaka's Tsutenkaku Tower
- 12/04 21:45 JR East to Raise Standard Fares for 1st Time since Privatization
- 12/04 17:58 Panasonic British Plant to Go 100 Pct Renewable
- 12/04 11:13 USW Hails Trump's Opposition to Nippon Steel's Buyout of U.S. Steel
- 12/03 22:45 (Update) Yamaura to Be Fined for Making False Financial Statements
- 12/03 22:25 PlayStation Marks 30th Anniversary
- 12/03 22:20 (Update) Nomura Executives to Return Pay over Ex-Worker's Indictment
- 12/03 20:54 (Update) Nippon Steel Renews Call for Understanding on U.S. Steel Deal
- 12/03 16:35 Nippon Steel Renews Call for Understanding on U.S. Steel Buyout
- 12/02 22:23 (Update) Funai's Chairman Files for Its Court-Led Rehabilitation
- 12/02 21:03 JIP, Bain among Bidders for Seven & i Supermarket Biz
- 12/02 19:40 INTERVIEW: Tokyo Metro Mulls Running Hotels
- 12/02 19:05 (Update) Former Bigmotor Files for Court-Led Rehabilitation
- 12/02 17:15 Funai Chairman Files for Its Court-Led Rehabilitation