Japan's NTT DoCoMo to buy Germany's net mobile

TOKYO, JAPAN: Japan's NTT DoCoMo Inc said on Friday it plans to launch a tender offer for German mobile content distribution platform firm net mobile AG.

DoCoMo said it would offer 6.35 euros for each outstanding share of net mobile. That represents a 34 per cent premium to net mobile's closing share price on Thursday, it said.

Offer sends Net Mobile soaring

NTT DoCoMo plans to launch a takeover bid for Net Mobile, sending Net Mobile's shares soaring more than 30 per cent.

NTT DoCoMo said it intended to offer 6.35 euros per share in cash, a 34.2 percent premium over Thursday's closing share price.

Based on the 6.55 million shares issued as of March 31, the offer values Net Mobile at around 41.6 million euros ($60.80 million).

The agreed takeover bid will help NTT DoCoMo, which already has over 55 million customers in Japan, expand its business overseas, it said in a statement.

Net Mobile shares shot as high as 6.33 euros when trading resumed in Frankfurt after a suspension. They were up 32.6 percent at 6.27 euros by 0854 GMT.