Continue reading Japan?s DoCoMo bids to acquire online fashion retailer MagaSeek for upwards of $13.1 million at The Next Web
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Japan's DoCoMo bids to acquire online fashion retailer MagaSeek for upwards of $13.1 million
The Next Web writes, Eager to expand its e-commerce business into new segments, Japanese operator DoCoMo has tabled an offer to acquire local fashion shopping site MagaSeek for?upwards of $13.1 million (1.19 billion yen), Tech In Asia reports. In a note on its website, DoCoMo says it is aiming to buy a minimum 41.67 percent stake in Magaseek, which will allow it to turn the site into a?consolidated subsidiary of its business. That move will expand its e-commerce efforts from a sole focus on daily commodities. DoCoMo made a play for Web retail when it announced a new group strategy in 2011 and the operator runs?
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