DoCoMo Offers $9.28 A Share To Buy German Mobile Content Company Net Mobile

NTT DoCoMo

Japan-based NTT DoCoMo (NYSE: DCM) has offered to buy net mobile, a Germany-based mobile content distribution company. DoCoMo said it will offer EUR 6.35 ($9.28) a share in cash for all outstanding shares, which represents a 53.9 percent premium over the three-month average share. Based on the 6.55 million shares issued as of March 31, the offer is worth about 41.6 million euros ($60.80 million), Reuters reports.

In a release, Masatoshi Suzuki, a senior executive and DoCoMo board member said they are attracted to net mobile because it is steadily expanding its business in Europe. Suzuki: “Net mobile’s technology and European presence are major plus points for DOCOMO, which is strengthening the foundation of its mobile platform business overseas.”

Earlier this week, DoCoMo Capital invested in Evernote, and in June, DoCoMo bought a 35 percent stake in PacketVideo, the San Diego-based mobile video and software company.

Comments have been disabled for this post