DEAL STREET ASIA - Nov 30 - Japan's e-commerce giant Rakuten has offloaded its entire stake in O-net, one of the country's largest matchmaking services, to Japanese private equity firm Polaris Capital for an undisclosed amount. O-net was founded in 1980 as OMMG and acquired by the e-commerce giant in 2007. The sale involves 280K shares, or 100% interest, in O-net, with the acquisition expected to be completed by the end of this year. O-net, which currently employs ~500 people, is engaged in marriage matchmaking services, event planning and management, publishing, and other businesses related to marriage service. As of last year, it had 46K members.
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