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BRIEF-TV Asahi Holdings unit says business and capital alliance with Ray
December 1, 2017 / 6:52 AM / 12 days ago

BRIEF-TV Asahi Holdings unit says business and capital alliance with Ray

Dec 1 (Reuters) - TV Asahi Holdings Corp

* Says co’s unit TV Asahi Corp plans to sign business and capital alliance agreement with Ray Corp on Dec. 1

* Says unit will acquire 20 percent voting power (2.9 million shares) in Ray on Dec. 19, at the price of 982 million yen

* Says unit and Ray will mainly cooperate on video related areas and cross-media marketing area, and details of business alliance will be decided later

Source text in Japanese: goo.gl/hGSQ11

Further company coverage: (Beijing Headline News)

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