Financial Wire

BASE to Acquire Port for 1.37 Billion Yen to Expand Creator Economy Presence

-- BASE (TYO:4477) will acquire shares of Port and make it a wholly owned subsidiary for about 1.37 billion yen as part of efforts to expand its customer base and strengthen its presence in the creator economy, according to a Thursday filing on the Tokyo Stock Exchange.

The company will acquire 7,750 common shares and 2,640 preferred shares, giving it a 100% voting stake in the entertainment-tech firm.

Port operates services such as Talkport, which enables one-on-one video calls between creators and fans, and Shoport, an e-commerce platform for merchandise sales.

The acquisition is aimed at expanding BASE's offerings beyond merchandise into services and digital content, while supporting creators and boosting growth.

The deal is scheduled to close on April 17.

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