DoCoMo Launches Takeover of German Mobile Content Distributor

­Japan's DoCoMo has announced an agreed takeover of Germany based mobile content distributor, net mobile AG. The company is offering , EUR 6.35 per share for all outstanding shares of net mobile. The offer price represents a 53.9 percent premium over the three-month average weighted share price prior to this announcement and a 34.2 percent premium over the closing price on September 10, 2009.

The offer values the company at around EUR 42 million (US$61 million).

DoCoMo has already agreed with certain shareholders that they will tender their shares in the acceptance period. Such agreements comprise approx. 24 percent of net mobile shares, including a stake from previous anchor shareholder Swisscom of approx. 15 percent.

The offer is subject to certain conditions, including a minimum acceptance threshold of 75 percent, as well as regulatory approvals. Upon successful completion of the tender offer, net mobile will become a subsidiary of DoCoMo.

"Using a unique platform for mobile content distribution, net mobile is steadily expanding its business in Europe," said Masatoshi Suzuki, Senior Executive Vice President and Member of the Board of Directors of DoCoMo. "net mobile's technology and European presence are major plus points for DoCoMo, which is strengthening the foundation of its mobile platform business overseas. DoCoMo believes the close collaborative relationship resulting from this transaction will contribute significantly to growth at both companies."

Posted to the site on 11th September 2009