Deals
Rakuten Shares Fall in Tokyo on Talks to Buy U.S.’ Ebates
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Rakuten Inc., controlled by billionaire Hiroshi Mikitani, fell the most in three months in Tokyo after the owner of Japan’s largest online mall said it’s in talks to buy U.S. website operator Ebates Shopping.com Inc.
Rakuten is negotiating the acquisition, according to a company statement on Sept. 6. The Tokyo-based company may pay about 100 billion yen ($950 million) for Ebates and is nearing a final agreement in a deal that is expected to be announced as early as this week, a person familiar with the matter said, asking not to be named as details of the talks are private.