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Kakaku ( (JP:2371) ) has issued an announcement.
Kakaku.com, Inc. has decided to transfer its entire shareholding in Pathee Inc. to mov inc. as part of a strategic move to optimize its business portfolio. This transaction reflects Kakaku.com’s shift in focus, potentially impacting its market approach by divesting from a subsidiary that was underperforming financially, thereby aligning more closely with its core online offerings.
More about Kakaku
Kakaku.com, Inc. operates in the online services industry, specializing in providing information related to shopping and retail both online and offline. The company initially acquired Pathee Inc., which focuses on digital sales promotion tools and shopping information for physical stores, to enhance its portfolio in the physical retail sector.
YTD Price Performance: -3.90%
Average Trading Volume: 173
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.91B
See more data about 2371 stock on TipRanks’ Stock Analysis page.