Drecom rescued by Rakuten
Posted on March 22nd, 2008 by Akky Akimoto
Drecom announced that their board had decided business alliance with, and will raise 900 million yen shares to Rakuten, Japan’s top E-Commerce firm.
Drecom, which is a blog system vendor for small and mid sized companies, also doing web services. Rakuten will be the second shareholder of Drecom with 20.02% stocks, following to the founder/CEO Hiroyuki Naitoh’s 43.2%
Drecom is supposed to spend 600 to 700 million yen out of earning 900 million for repayment of debt.
via BBWatch
See also:
Drecom’s Release [pdf]
Rakuten: online shopping monopoly | Asiajin
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