Press Coverage

US News: Loss-Making Rakuten Announces $2.5 Billion Share Issue to Bolster Finances

Excerpt:“…it also forces decisions about whether to hold. Some will be upset and will sell,” said analyst Travis Lundy of Quiddity Advisors, who publishes on SMARTKARMA. Rakuten said it would use the funds for debt repayment and to build base stations. “If Rakuten raises funds as planned, we believe it can…”

NS1 (Web Content – US)via Bloomberg • (Opens in a new window) ⧉

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NS1 (Web Content – US)