Drecom rescued by Rakuten

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.
Rakuten Logo
Drecom Logo
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
Drecom: next scandal or …?

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