NTT Eyes $20 Billion Tender Offer for NTT Data in AI Pivot
Nippon Telegraph and Telephone Corp. plans to make NTT Data Group Corp. a wholly-owned subsidiary, a move geared at making AI central to the telecom giant's sprawling operations.
Japan's biggest telecom operator is holding a board meeting on Thursday to discuss a tender offer for all shares it does not own in NTT Data, the company said in a statement. The deal is estimated at about ¥2 trillion to ¥3 trillion ($14 billion to $21 billion) according to the Nikkei Shimbun, which reported the deal earlier.
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