KDDI Corporation (TSE:9433) agreed to acquire BIGLOBE Inc from Japan Industrial Investment Fund IV of Japan Industrial Partners, Inc. and others for ¥80 billion on December 6, 2016. BIGLOBE reported operating revenues of ¥77.6 billion in the fiscal year ended March 31, 2016. As on December 21, 2016, KDDI Corporation concluded a share transfer agreement to acquire BIGLOBE Inc from Japan Industrial Investment Fund IV of Japan Industrial Partners, Inc. and others. Post transaction, BIGLOBE Inc will become wholly owned subsidiary of KDDI Corporation. The transaction is expected to close around the end of January 2017. KDDI Corporation (TSE:9433) completed the acquisition of BIGLOBE Inc from Japan Industrial Investment Fund IV of Japan Industrial Partners, Inc. and others on January 31, 2017. Takeshi Ariizumi from KDDI will assume the position of Representative Director and President of BIGLOBE.