Monday May 14, 2012 : JAPANESE FIRM IN TAKEOVER BID FOR BUONGIORNO
Winga parent company shareholder sells out
Buongiorno S.p.A., the parent company of Italian and French internet gaming brand Winga, is the target of a takeover bid by Japanese mobile services firm NTT Docomo Inc. via its German subsidiary Docomo Deutschland GmbH.
Mauro Del Rio, the owner of approximately 20 percent of Buorngiorno's stock, has entered into an irrevocable undertaking with Docomo to tender all of his shares for the offer.
A Docomo company statement said the acquisition will combine its innovative mobile business and services know-how in Japan and other countries with Buongiorno’s advanced mobile technologies and extensive global customer base. As part of expanding the businesses of both companies, DOCOMO expects to strengthen the foundation of its mobile platform businesses overseas.
The tender offer will officially start once approval has been received from CONSOB, the Italian securities regulatory authority and is expected to yield a maximum payment of Euro 224 million or Euro 2 per share dependent on exchange rate conditions.
Buongiorno would operate as a Docomo subsidiary in the event of a successful takeover.