LY Corp. Anticipates Beenos Acquisition to Boost Re-use Business

Deal News | Feb 06, 2025 | Aim Group

LY Corp., previously known as Z Holdings, is set to boost its re-use business by acquiring Beenos Inc., a Japanese company specializing in cross-border e-commerce. Through this acquisition, LY Corp. aims to enhance its Yahoo Japan Auction and Yahoo Japan Flea Market platforms. The strategic move is aligned with the company's plan to rejuvenate its operations in the re-use sector.

Sectors

  • E-commerce
  • Re-use and Auctions

Geography

  • Japan – Beenos Inc. is based in Japan, and LY Corp. operates platforms in the Japanese market.

Industry

  • E-commerce – The acquisition involves Beenos Inc., a cross-border e-commerce company.
  • Re-use and Auctions – LY Corp. is focusing on growing its Yahoo Japan Auction and Flea Market as part of its re-use business.

Financials

  • – The financial details of the acquisition deal were not provided in the article.

Participants

NameRoleTypeDescription
LY Corp.AcquirerCompanyFormerly known as Z Holdings, LY Corp. is a major digital company in Japan, owning Yahoo Japan Auction and Flea Market.
Beenos Inc.TargetCompanyA cross-border e-commerce specialist based in Japan.