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Will WealthNavi cease to be publicly traded by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Tokyo Stock Exchange announcements, financial news outlets
Story
MUFG to Acquire WealthNavi for ¥100 Billion, Offering ¥1,950 per Share
Nov 29, 2024, 04:01 AM
Mitsubishi UFJ Financial Group Inc. (MUFG) is set to acquire WealthNavi Inc., Japan's leading robo-advisory firm, in a deal valued at approximately ¥100 billion. The acquisition will involve a tender offer bid (TOB) at ¥1,950 per share, aiming to make WealthNavi a wholly owned subsidiary. This move is part of MUFG's strategy to enhance its financial technology capabilities and expand its offerings in personal wealth management. WealthNavi, with assets under management exceeding ¥1.3 trillion, primarily through its 'new NISA' program, will cease to be publicly traded if the TOB is successful.
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Similar markets
Remains a wholly owned subsidiary • 25%
Merged into MUFG's existing operations • 25%
Sold to another entity • 25%
Operates independently with MUFG stake • 25%
Yes • 50%
No • 50%
Significant increase in customer base • 25%
Moderate increase in customer base • 25%
No significant change • 25%
Decrease in customer base • 25%
