MarketEnterprise Co.,Ltd intends to acquire Cheapest repair dot com from Jiraffe Inc. for ¥75 million.
January 30, 2020
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MarketEnterprise Co.,Ltd (TSE:3135) intends to acquire Cheapest repair dot com from Jiraffe Inc. for ¥75 million on January 21, 2020. MarketEnterprise Co.,Ltd (TSE:3135) entered into an agreement to acquire Cheapest repair dot com from Jiraffe Inc. on January 31, 2020. The Annual revenues of Cheapest repair dot com from January 2019 to December 2020 were ¥38 million. The transaction is expected to close on February 1, 2020.
MarketEnterprise Co., Ltd is a Japan-based company engaged in Internet reuse business through operating purchase and sales of reuse goods based on Internet. The Company focuses on reuse that does not generate unnecessary items among 3R (reuse, reduce, and recycle), and conducts business that specializes in the Internet. The Company operates general counter Website by the name of takakuureru.com, as well as other purchase specialty websites. It has three types of purchase approaches, including home delivery purchase, over the counter purchase and business trip purchase approach. It also sells reuse goods by the name of ReRe at Internet auction provided by Yahoo Japan Corporation, as well as Amazon, Rakuten, eBay and other E market places.