(Update) Mitsubishi UFJ to Acquire Robo-Adviser WealthNavi
Tokyo, Nov. 29 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. said Friday that it will acquire Japanese robo-advisory firm WealthNavi Inc. to reinforce its asset management services for individual customers.
MUFG Bank, a unit of Mitsubishi UFJ Financial, will launch a tender offer on Monday to buy WealthNavi shares at 1,950 yen per share. The acquisition is expected to cost about 99.6 billion yen.
(2024/11/29-19:33)
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