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Japanese Nojima in talks to buy Nifty’s individual internet service

Staff Writer |
Electronics retailer Nojima Corp. is in talks to acquire Nifty Corp.’s internet service provider for individual customers.

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Nojima and Fujitsu, which fully owns Nifty, aim to reach a definitive agreement on the acquisition by the end of March, informed sources said. The envisaged deal is estimated to be valued at ¥25 billion, Jiji reports.

Nojima hopes to expand its consumer electronics sales and revenues from product support services by acquiring Nifty’s customers, the sources said.

Fujitsu took full control of Nifty in July 2016. It has been exploring the possibility of selling Nifty’s internet business for individual customers while retaining its cloud computing service for corporate customers.

As of the end of March 2016, Nifty had about 1.34 million contracts for its individual internet service.

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