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JDI Finally Gets their Bailout from Ichigo
February 16, 2020
JDI inked a deal to get up to ¥100.8 billion JPY (USD$918.87 million) from Ichigo Asset Management, a Japanese investment company. The company terminated its memorandum of understanding with Suva Investment Holdings, a group of investors from China and Taiwan, it signed last year to get $715 million. Under the terms of the deal, Ichigo will gain control of the company as The Innovation Network Corporation of Japan (INCJ), will lose control but will retain a stake in the company. Stakes of other investors of JDI will get lower. No mention was made of the $800m that JDI currently owes Apple.
February 16, 2020
JDI inked a deal to get up to ¥100.8 billion JPY (USD$918.87 million) from Ichigo Asset Management, a Japanese investment company. The company terminated its memorandum of understanding with Suva Investment Holdings, a group of investors from China and Taiwan, it signed last year to get $715 million. Under the terms of the deal, Ichigo will gain control of the company as The Innovation Network Corporation of Japan (INCJ), will lose control but will retain a stake in the company. Stakes of other investors of JDI will get lower. No mention was made of the $800m that JDI currently owes Apple.
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