TSE:4689Interactive Media and Services
LY Life Insurer Deal Puts Financial Services Expansion In Focus
LY Corporation (TSE:4689) has scheduled a board meeting to consider an acquisition of shares in T&D Financial Life Insurance Company by one of its consolidated subsidiaries.
If approved, the transaction would make T&D Financial Life Insurance Company a subsidiary of LY.
The potential deal would represent a move by LY to broaden its footing in the financial services sector.
LY’s share price stands at ¥402.3, with the stock down 20.0% over the past year and 19.0% over the past five years,...