Ridge-i acquisition of Star Music Entertainment (2024)

deal·majority acquisition·closed

Ridge-i acquired a 53.77% majority stake in Star Music to combine AI with music and digital marketing.

Verified facts

Official site	https://www2.jpx.co.jp/disc/55720/140120240604520288.pdf ↗
Geography	Japan — Tokyo
target	name: Star Music Entertainment · research key: org-star-music-entertainment-japan
acquirer	name: Ridge-i · research key: org-ridge-i
deal type	majority_share_acquisition
deal state	closed
shares acquired	570000
transaction value	value: 701000000 · currency: JPY · qualifier: reported_cash_consideration · disclosure state: secondary_reported
strategic rationale	Create AI solutions for digital marketing and music using Ridge-i AI and Star Music's catalog, creators and production expertise.
total reported cost	value: 712000000 · currency: JPY · qualifier: reported_approximate · disclosure state: secondary_reported
stake acquired percent	53.77
acquisition related costs	value: 10000000 · currency: JPY · qualifier: reported_approximate · disclosure state: secondary_reported