Thursday, September 16, 2010

SOS Strong Yen fuels Japanese takeovers

JAPANESE YEN is 15 year high on Sept 15 2010.

The purchases pale in prestige compared with deals like

  • Sony's takeover of Columbia Pictures
  • Mitsubishi's purchase of Rockefeller Center

both at the peak of Japan's economic bubble in 1989.

2010 - spent USD27billion purchasing assets overseas (more than 2009)

Example

NTT buy Dimension Data (S Africa) for USD3.24bil

Seven & I buy Casy's General Store for USD2 bil

Rakuten buy Buy.com for USD250mil & PriceMinister also for USD250mil

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