Ridge-i acquisition of Star Music Entertainment (2024)
deal·majority acquisition·closed
Ridge-i acquired a 53.77% majority stake in Star Music to combine AI with music and digital marketing.
Recorded facts
| Official site | https://www2.jpx.co.jp/disc/55720/140120240604520288.pdf ↗ |
|---|---|
| Geography | Japan — Tokyo |
| target | name: Star Music Entertainment · research key: org-star-music-entertainment-japan |
| acquirer | name: Ridge-i · research key: org-ridge-i |
| deal type | majority_share_acquisition |
| deal state | closed |
| shares acquired | 570000 |
| transaction value | value: 701000000 · currency: JPY · qualifier: reported_cash_consideration · disclosure state: secondary_reported |
| strategic rationale | Create AI solutions for digital marketing and music using Ridge-i AI and Star Music's catalog, creators and production expertise. |
| total reported cost | value: 712000000 · currency: JPY · qualifier: reported_approximate · disclosure state: secondary_reported |
| stake acquired percent | 53.77 |
| acquisition related costs | value: 10000000 · currency: JPY · qualifier: reported_approximate · disclosure state: secondary_reported |
Current
| has acquirer | Ridge-i 2024-06-14 — nowSource 1 ↗ VERIFIED high confidence |
|---|---|
| has acquisition target | Star Music Entertainment 2024-06-14 — nowSource 1 ↗ VERIFIED high confidence |
Sources & changes
Checked 10d ago · highhow verification works
Field-level evidence
Public change history
- Status unknown → closed
- Official URL unknown → www2.jpx.co.jp/disc/55720/140120240604520288.pdf
- Record maintenance · 12 fields updated
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