March 12, 2009
- GMO Internet Group
March 12, 2009
Press Release
GMO Media Inc.
GMO Tea Cup Communication Inc.
GMO Media and GMO Tea Cup Communication to Merge
Tokyo – March 12, 2009 – GMO Internet Group companies GMO Media and GMO Tea Cup Communication announce an agreement to merge the two companies on April 1, 2009. The surviving company willl be GMO Media.
Objectives of the Merger
GMO Media is a provider of Internet media and digital content, its operations are built on the corporate catchphrase, “Making life more fun and more fulfilling through the Internet”.
Online community services are central to the Internet media business and the company has agreed to merge with GMO Tea Cup Communication, operator of widely used online community services for individuals, in order to strengthen operations.
The merger will consolidate the two company’s development technology and operational expertise. It will allow the new company to provide a more convenient and enjoyable online community through stronger, more comprehensive services and improved operational efficiency.
Outline of Merger
Board of Directors approval of merger agreement: February 23, 2009
Merger contract signing: February 23, 2009
Stockholders Meeting approval of merger agreement: March 25, 2009
Date effective: April 1, 2009
Type of Merger
The companies will merge in an absorption merger. GMO Media will be the surviving company and GMO Tea Cup Communication will be dissolved.
About the Service
All teacup services originally operated by GMO Tea Cup Communication will be continued. These services will be operated by GMO Media as of April 1, 2009.
Details of Companies to Merge
(1) Company Name | GMO Media, Inc. | GMO Tea Cup Communication, Inc. |
(2) Business Description | Media and content businesses, e-commerce | Design and management of Internet communication services |
(3) Established | October 2000 | August 2000 |
(4) Address | 26-1 Sakuragaokacho Shibuya ku Tokyo | 4-16-6 Higashi Ueno, Taito ku, Tokyo |
(5) CEO | CEO Tetsuyuki Mori | CEO Tomoyuki Ishikawa |
(6) Capital | 262 million yen | 71 million yen |
(7) Close of Fiscal Year | December 31 | December 31 |
Post Merger Company Details
(1) Company Name | GMO Media Inc. |
(2) Business Description | Media and content businesses, e-commerce |
(3) Address | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
(4) CEO | Teruyuki Mori |
(5) Capital | 262 million yen (Capital will not change as a result of the merger) |
(6) Close of Fiscal Year | December 31 |
Media Inquiries
GMO Media Public Relations
E-mail：[email protected]
GMO Tea Cup Communication Public Relations
E-mail：[email protected]
GMO Internet Inc. Group PR Department
E-mail：[email protected]
About GMO Internet Group
GMO Internet Group, headquartered in Japan, is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services worldwide. The group holds top domestic market share in domain registration, web hosting, and payment processing and provides a host of other Internet services including global online security services, e-commerce solutions, and Internet advertising to both businesses and individuals. At the centre of the group is GMO Internet, Inc. a company listed on the prestigious first section of the Tokyo Stock Exchange (TSE: 9449).
GMO Media Inc.
Company Name | GMO Media Inc. http://www.gmo-media.jp/ |
Address | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Teruyuki Mori |
Business Description | - Media and content business - E-Commerce solutions |
Capital | 262 million yen |
GMO Tea Cup Communication Inc.
Company Name | GMO Tea Cup Communication, Inc. http://www.teacup.com/ |
Address | 3F Tozai Building Higashi Ueno, 4-16-6 Higashi Ueno, Taito ku, Tokyo JAPAN |
CEO | Tomoyuki Ishikawa |
Business Description | - Design and management of Internet communication services - Internet Advertising - Planning, design, implementation and operation of Internet information systems and communication networks |
Capital | 71 million yen |
GMO Internet Inc.
Company Name | GMO Internet Inc. http://www.gmo.jp/en (TSE First Section Code: 9449) |
Address | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Masatoshi Kumagai |
Business Description | - Internet Use Support (Infrastructure) - Internet Advertising Support (Media) |
Capital | 1.27 billion yen |