Acquirer: Rakuten, Inc. (Japan)
Acquired: Altiostar Networks, Inc. (U.S.)
Industry Tags: Telecommunications
On February 12, 2019, Rakuten, Inc., a publicly traded (TOKYO: 4755) “leading global innovation company in e-commerce, communications and fintech,. . . announced a strategic investment in US-based mobile technology company, Altiostar Networks, Inc., to be completed subject to approval by the Committee on Foreign Investment in the United States.” (Press Release, Rakuten to Invest in Mobile Industry Innovator Altiostar, Feb. 19, 2019.) “Altiostar provides a 5G-ready virtualized RAN software solution that supports open interfaces and disaggregates the hardware from the software to build an open multi-vendor web-scale network.” (Id.) Rakuten reported that it received CFIUS approval for the Altiostar Networks investment in early May 2019. (See Rakuten, Inc., FY2019 First Quarter Consolidated Financial Results, May 10, 2019.)
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