KDDI Corporation - Video streaming joint venture with TV Asahi Corporation
Leading Japanese law firm Nishimura & Asahi advised Japanese telecommunications company KDDI Corporation (“KDDI”) [TSE: 9433] on the formation of a subsidiary, LDEX Preparatory Company (“LDEX”), to absorb its video streaming business, Video Pass, and on KDDI’s agreement with TV Asahi Corporation (“TV Asahi”) [TSE: 9409], a Japanese television network, to transfer a 50% stake in LDEX to TV Asahi. Under the agreement, KDDI and TV Asahi will jointly operate LDEX.
The Nishimura & Asahi team advising KDDI was led by partners Hiroyuki Usuda and Yoshito Wakabayashi.
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Hiroyuki has advised on numerous M&A transactions in both domestic and cross-boarder areas, and in both the private and public sector for over 25 years. He has also provided legal services regarding general corporate matters including advice on the general shareholders meetings of public companies, risk management and business judgment matters based on his extensive knowledge of law and economics.